Hello Stuck, been a tough week or so. The company is cursed. Wait 9 months and than an investigation! I'm not sure the selling is over or where we're going . I sold some at $1.50 out of fear. I believe they have a chance of completing merger but the odds are probably against them?
My retired lawyer friend took a brief look at it a month or so ago but was totally unaware of any DOJ investigations.
I blame myself for believing "hutch boys" could put this together.
OIS certainly has proceeded slowly. Guessing TDK was going to put it on fast track with their customer base,deep pockets and expertise. Lots of unknowns here and will be interesting to watch. Psquarred sure puts a negative spin on the merger and difficult to argue with him. Last good news I remember getting from HTI was in 2014 when they were touting the future of OIS? I'm not sure and please correct me but I don't believe they have sold many if any OIS actuators? Seems they have been shipping samples only?
I'll be driving an old truck for the foreseeable future.
Probably dilute shareholders again like the last time they refinanced? They really needed to put this together and ain't looking so good. Kellar reported HTI brass was pretty giddy last January at annual meeting. I might go to the September 21, meeting to check the "mood" in the room.
You have been quite accurate with your predictions so far. Thanks. Looks like they are going to take this right up to the November 1st.deadline (not by choice) with all the added suspense of office searches and further investigations. TDK's legal staff has their work cut out for them. HTI certainly wasn't doing much colluding or price fixing selling 57 cent suspension assemblies and losing money the last 7 years or so.
With several conversations with the investor relations man at HTI MR. Ives, I get the impression both TDK and HTI are determined and committed to complete the deal. Now whether it will be allowed is another matter.
Would be nice to announce some increased OIS revenue tomorrow. Or some projected OIS wins. This is a "great deal" for TDK IMO and I think they will eventually close the deal even if it takes going past November 1.
I knew you were a straight shooter Psquarred when you admitted you worked for Enron and candidly answered questions board members posed to you. I think many lawyers wouldn't admit that. Thanks for your input.
Hello stuck! Tough day, hope it gets better. Google " mainichi TDK". Japanese authorities searched TDK and NHK offices looking for price fixing evidence in regard to HDD parts. Don't really know what effect it will have on merger? It ain't good.
But maybe alittle overdone? Will know tomorrow.
I guess psquarred had it figured out? I didn't think it was going to be this complicated. Some news must be out and not good. I'm surprised the stock not tanking more but the day not over either. Your right about HDD business. Tough situation when your in the dark.
It was interesting that mrofmadison posted his "let's be logical" post and one week later to the minute, posted he was getting out. I think many including me are just fatigued by this whole process. I still believe the deal will be allowed as I look and see all the mergers the FTC approves that obviously harm the consumer. I.e. TWC/Charter. I'm guessing will get some news in next 2-3 weeks? I sure wish I could do this one over as would have sold in November and been done with it. I'm never going to buy a stock where the message board members names are Stuckholder and whotheheckknows and names like that! GLTA
Anything could happen Stuck! I had a retired ATTY who many years ago headed Cleveland FTC office but worked his last 30 years with Cleveland/NYC firm take a short look(very brief) at deal and he thought it would fly? His educated guess I would say. When 2nd request is given its typically 9 months from merger announcement date till deal closes which would be August 2nd.
The recent price is certainly not very optimistic. Would think if the deal was looking good the price would be moving up?
I still haven't seen a good reason to pan the deal. Consumers may be better off with the company in TDK hands? Best of luck to ya?
Thanks stuck! Your ID and whotheheckknows kind of tells the sad story here! My 2 email exchanges with IR guy gave me feeling the company was working on and expecting the merger to be completed? The current price tells a different story? I expect will know more in July or first part of August . Have good safe 4th weekend!
The only good thing here is this might? Create some oppurtunity? Some price swings are a good possibility as things drag on. I concur on your political thesis.
Agreed, tomorrow ??? Depends on oil and market? It could trade at 10 or 12? Will see. Sure looks attractive here especially long term. IMO.
You have to admire his conviction! Looks a tad oversold here. I may take a shot here near 11.26? Good luck.
I was always thinking Cirrus would relocate headquarters to Scotland after the Wolfson deal? For tax purposes. Glad they didn't !
Thanks trading note! Great post. I expect more downward pressure Monday and possibly Tuesday. Maybe some good oppurtunity here?
Sentiment: Strong Buy