Cash flow pays for the debt in 3 years. Core business sells for 2x earnings. I wish I could be so goofy.
Over $15 billion in net cash, taxed ownership in VMW, RSA, and pivotal. Dell buying rest of business for 2x earnings. If Tucci can't negotiate something considerably higher, he will preside over one of the bigger corporate failures in history. Where have the spirits of Egan and Mike Ruetgers gone?
CNBC' s Josh Brown urged viewers to buy this right in front of the quarterly report. At least ithat call was not as bad as his call last year that everything in biotech was un investable because anything of value would have been bought already. Pathetic!
What are the debt covenants here? If balance sheet inventory is understated, then cash is overstated. This would mean they may not have enough cash to cover short term debt repayment due.
Management will initiate size buy back on way to taking company private. Management would probably rather be private anyway for the time being.
Stock gets downgraded along with two others. IACI is selling at 11.7x out-year EPS. The other two downgrades are selling at 20x. The IACI sell off is just as bad? Also, were estimates cut by the analyst?
Management should provide unambiguous guidance for all to hear. If they do this, there wouldn't be such violent reactions. This is not the first time this has happened.