Pointless, they need to start producing on their acquisitions. Market cap is tiny compared to sales and earnings. As long as they keep reverse splitting, it's going to be a dog.
There is too much panic to make any rationale argument as to why this stock is grossly undervalued. Going to have to ride the wave until it finds a bottom. I'm guessing at some point they will initiate a buy back, considering what they guided earlier this month, cash flows, and projected growth; at some point the market will come to it's senses and shoot this stock up. I'm long from about 23.50, going to hold and continue to add over the next year until some actual bad news comes out. Selling based on emotion is irrational, and that's what we are seeing.
50 to 58 is the bid depending on Brexit. They deal is probably waiting on the vote. BNN said the Brexit was not a deal breaker, so that is most likely why there is such a large swing in bid pricing.
Very disappointed in the price of the sale. The rich get richer, and Apollo is going to steal this company. Even if they overpaid for AMCO, the buyout is a billion less than AMCO deal, plus they get CXRX for free. I would much rather see them buy new shares that amount to 25-35% stake in new float for around $35US. That would put in a floor, they could pay off debt with the cash, and be a much stronger company with an ally like Apollo. That would allow us shareholders to participate in the upside.
I hate when companies like Apollo, Carlyle and Blackstone get to take advantage of stupid investors and inefficient markets. The rich get richer, and oh Mr common unit holder, you get $42-43 per share for a company worth $75-80 due to the herd mentality that takes over the market from time-to-time.
I don't really care, since I'm long 23.01. I'm a little disappointed that it's going to happen around $42 US, which sucks because I could have sold between $42-44 in January. Wanted more, too bad there are too many chickens and chicken farmers to allow this stock to trade at a rational level.
Was up 3 points prior to drop. I posted this right around the time street insider posted a story that a deal was imminent. Having not seen the article yet, and then the second story broke, my analysis was pretty spot on. Still think it's all irrelevant since the company was trading at $23 post buyout talk and prior to earnings.
keep in mind there were two stories, the first was a deal was imminent, then the one that said Carlyle & Blackstone walked away, leaving only Apollo left bidding.
Kind of ridiculous that the company was trading $23 AFTER the buyout talk, so this shouldn't have had that much of an impact.
The good news is the floor has been set by Carlyle and Blackstone. I'm sure CXRX was asking north of $60, but there should be little doubt that both companies were willing to pay north of $40 per share.
little late to the game, you missed the crash.
even if there isn't an offer, was trading $23 with buyout news, last move up was related to earnings, should be back up by end of the day. Probably not 34, but above 30.