If you look at Genscapes latest report on Gulf Coast storage, there is a little tidbit that went unnoticed by all of the oil crooks. Rig count in Eagle Ford Shale actually went up by 5 rigs. These guys can make money all day long at 40-45 bucks. generates a 12% irr before the tax breaks.
As I said in a previous post, its a decent price and a fair deal for everyone involved to end the misery. But don't tell me these people know what they are doing.
what a crock statement. Just like the movie, this is the gang that can't shoot straight but circumstances save them at the end of the movie. You say it was a plan? that's hilarious. Face it. They couldn't wear big boy pants. 40% upside? look at the stock price performance over any period of time you want. slowly bleeding owners capital into managements hands. classic. so get out of here with your dreamscape.
The history of this company is littered with screw-ups from the whole customs fees fiasco, accounting and reorganization missteps, attempts to make tic, extravagant headquarters, etc....mind you.. not the least of which is missing the opportunity to sell this at the top of the titanium heyday. This sale represents a fair price and a way for everybody involved to just move on....
If they were so outstanding, the price would be double and AA would keep everybody. Fat chance.
I will take the AA shares. RTI has a good business. Undercapitalized and under bad management. You are getting a deal. AA will take this to a whole new level. Heck of buy.