mark my words: THERE IS NO OFFER and there won't be any - it just makes no sense for IACI to acquire a struggling company like PERI with a business model that has gone down the drain. They would expose themselves to shareholder lawsuits for an ill-fated transaction like this. After all they just need one look at the PERI / Conduit deal to see what would happen.
their price target is $30... read again
stock at pre-market lows - I gues it will test the $30 mark at the start of the session
there's no offer and there won't be any going forward - most likely the writer of the article is a close friend of the company's CEO who wanted to do something for the share price. I have been following Israeli companies for 15 years and in no case an Israeli publication was right when announcing a potential buyout first.
I was perfectly right about the company so far. And there's NO way an industry leader like IACI would even consider buying a company with a business model which has gone belly up.
it was at $30 anyway after last quarter's earnings so given the recent events it might very well test 52-week-lows going forward. Even at $25 the shares look pretty overvalued. Sell.
but not from last quarter I guess - using last quarter's interest costs they will come up with a loss of $4 to $9 mln compared to analyst expectations for a profit...
actually they will post another loss for Q3 as the pre-announced operating income is still not enough to cover the interest cost.
not only by potential acquirors but also by the company's own board and management. Shorting more here - would expect multiple downgrades tomorrow and the stock to test $30.
shorted big time at $34 - looking for the stock to test $30 after conference call
combined with fears of an upcoming reverse split the stock takes a huge beating day after day - this might be a good chance going into the Q3 earnings report.
most shareholders remained in the stock because of the dividend - with this incentive mostly gone investors are moving on. I can't blame them. The stock is dead money at the very best but I wouldn't be surprised at all if this will undergo chapter 11 proceedings with two or three years from here.
if they will announce bad news (which they will) they will face dozens of lawsuits for their failure to disclose this i a timely manner. Look at the put action today.
another great call
nobody knows but most investors are missing that for them nothing has changed - the company won't be handed over to any kind of bond investors or other lenders. They just prevent PIP from enforcing the latest judgement.
the shares actually should be down by close to the same percentage as the dividend was cut as the dividend yield was the single reason for investors to hold on here.
eps has come down for three quarters in a row now so I would expect it to move down further until reimbursement rates move back up (which they won't)