I is impossible for me to understand why anyone would sell INAP at crazy low prices. This stock is way undervalued and could easily pop to $6 + with any good news.
It must be near impossible for INAP to hire and retain first class employees given that they all know the company will be ( not might be) sold in the near future. I would suspect that 80% are looking for a new job. I suspect the sales force is the hardest hit.
Funio and iWeb are Canadian companies owned by INAP. I wonder if that is the connection? It does seem unusual that a bank especially a Canadian bank would have such a big stake in INAP. I recall someone on this board thought the bank may be the middle man for some big investor?
I guess that was the reason for yesterday's pounding.
Actually missed rev by only 2.7%. Crazy, crazy market reaction. Some great indicators at the CC; I think MOBL should be up 20%% today, not down. I am buying!
Wunderlich just reaffirmed a buy rating with target of $7. I think this stock is a steal.
Go figure that out?