ivchgo - while I agree with your sentiment, it's not a given that this will play out within a years time. since Carl Icahn is not fighting the board publicly I think he has at least at a bare minimum of 3 year time frame on this investment. I don't believe he's been in nuan for even two years yet so, a buyout could happen next month but it may not happen for a couple years who knows. or maybe never. I am confident something is in the works to unlock value in a significant way though. You just have to have a long view and have faith in the icahn group.
Onyx, the standstill agreement (not pp) definitely forbids Icahn from waging a proxy battle or outwardly solicit others to go against the board.
But - he can still vote however he wants with his shares and he can have private dinners with whomever he wants to. Whatever is said at those dinners won't be public knowledge and it won't be in violation of the standstill. Any other shareholders, whom carl may or may not be having private conversations off the record with, can also vote how they want.
Need I remind you, the margin on "executive compensation" from last proxy vote was less than three million votes.
Now imagine how easy it would be to tip that balance. Three mil shares is nothing. Board member approvals could also be so easily swayed, if Icahn and some other key shareholders felt like making waves.
This is the ax that Icahn holds over Ricci and his cronies.
Use - exactly. Carl is still very dangerous to the board. Simple logic dictates it wouldn't be too difficult for him to (behind the scenes) drum up support to vote against the board if he were so inclined. Icahn has opted for change from within instead. But the threat he carries gives Icahn group leverage to actually effect change from within.
yep. Icahn is sharing our pain. My avg is well under his. I like that. Carl is from Queens, good to have him on our side!
I know right? Icahn is like, the only investor losing money on an oil and gas producer right now. he must have lost his touch, thanks for the heads up jakazzz
they are so diversified I am not too concerned. Their power infrastructure business may get a nice boost from low energy prices. Utilities and governments should be using the savings from low feed costs to update their power infrastructure.
From ABB's website.... (doesn't give any indication of % revenues):
As a proven performer in the oil and gas industry, ABB continues to expand its industrial solutions for the hydrocarbon supply chain, encompassing production, processing, transportation, storage and distribution.
Integrated automation and electrical products and systems
Engineering, procurement and construction services
We are active across the entire oil and gas value chain, serving the following markets:
Oil and gas exploration and production
Marine supply, transport and support
Oil and gas transportation and distribution
b - I thought the same thing.... but reality is they want guys like bozzo to keep price depressed so they can accumulate. why kill the golden goose when they can let him live to serve purpose elsewhere. The only losers are weak retail hands
article is really old. The Globe is a fine newspaper. My father calls it a "liberal rag" but he reads the herald.... boston herald readers opinions don't really count when you're dealing with reality.
Btw I am no liberal. Go Rand Paul!!! Hope he's the nominee in 2016.
Back to Nuance..... all good points raised in the globe article, Onyx... However I still have conviction in nuan due to one simple fact (other than CI's involvement):
Nuance tech is superior and just now starting to become mainstream. I have never used VR from another company that's any good. I use Nuance's tech everyday to send text messages. It's phenomenal. Rarely incorrect. It learns and improves over time too. I use dragon on the pc too. Google Now is an absolute joke. Love Google as a company, but their VR is terrible. Absolutely terrible. Almost always wrong. I have a nexus and I can't use the VR on it because it's so time consuming to constantly edit the result. Microsofts not any better.
I put more weight on real world experience, and how many great companies choose to partner with nuance over competitors, than an old boston globe article..
while I appreciate your concern for the short sellers, fish... they are probably working for hedgies or the likes of GS, who want to keep accumulating as cheap as they can. I've been in this stock for years and it's always managed to, in fact, stay cheap and just keep rising all at the same time. I love that kind of growth :)
I'm long INO. I am also invested in SGEN (ADC platform) and the talk in that community is that ADC oncology is no longer the future - that title belongs to T-cells, baby.. the SGEN investment community is not a dumb bunch. The stock is a top holding for Baker Bros. I'm not trying to pump SGEN here... just wanted to relate that I keep reading about INO's science being the future - in places where no one is pumping or bashing ino....
the science is sound. combined with relentless bashing on this mb and the INO insider buying & 'tutes accumulation.... gives me tremendous conviction in INO. I recognize that a small spec stock like this can be manipulated like crazy. I accept that and I'm in for the long haul. It cannot be manipulated forever.
From all my research, jcha is spot on with analysis of pp/standstill. That's why I say this is a long term hold. I am still in it for two reason - I'm very confident it will be a profitable (outperforming the market on, let's say, five year annualized returns) investment; and I am honestly concerned if I sell to buy back later, I will miss the boat. I am not counting on a buyout but think it's a distinct possibility, as well as other catalysts (such as further changes to the board, spinoffs, etc). The latter reason would not matter if I didn't have strong conviction in the long term hold.
I would also add... At first I was really irritated Icahn didn't put on the brass knuckles. Over time I accepted it. I recognize Icahn and his team are smarter than me and the board members have much more inside knowledge of this company now. I am putting my trust in their strategy.
looks like the smelky guy was pretty spot on. You guys should be better sports. This place is for discussion. I don't know who smelky is or what his intentions are but you can't fault him for calling today's pps action accurately so far today.. Might he be working for a hedge fund? Maybe I don't know. like i said I don't follow him. I will take him at his word that he is long but in any case he was right and doesn't seem like a broken clock. Btw am long and surprised at how the stock is acting today. Not that surprised though - stock market is neurotic.