What is the play here? I was in ARTC for a few years until about 6 years ago, but when allegations of channel stuffing and accounting irregularities surfaced I ran for the fire escape. Do you see ARTC as a takeover target and if so what metrics are you employing to gauge the upside? Thanks.
Maybe I am mistaken but didn't the FTC tell us they were objecting to the IDTI merger due to monopoly concerns in the PCI Express space (~85%+ market share between PLXT and IDTI). My understanding is that IDTI took their ball and went home ( basically dropped out of the PCI Express market) after the merger failed, thereby creating a monopoly by default…. probably not what the FTC wanted. Without research I am unable to postulate as to whether IDTI would be rebuffed by the FTC should they float another offer. Possibly, they would have to wait another year or two?
HUN shareholders have received $2.27 in dividends, so with another $2.60 in share appreciation (factoring out any cost of money) stock will be at pre crash pre deal bust levels. Ouch!
The Potomac info is more thorough and compelling. No offense to PLXT management and directors.... but the lack/minimal ownership in PLXT is concerning. Prediction... Potomac wins unless PLXT has an ace they haven't shown.
I recommend all investors take the time to read Potomac's presentation. I can't figure why management has so few shares if they truly believe in PLXT. Maybe they don't.... and maybe Potomac's optimism.... as well as mine is misplaced???
I used the Yahoo #s… always dangerous. LEE looks better when you go to the most recent SEC filing …. 4.9 times. What do you project 2014 EBITDA to be with a ~5% revenue decline?
Versus 6.56 for NYT, 4.27 for AHC, and 6.56 for MNI. Which one has the weakest balance sheet? Industry transactions taking place at 4 to 5 times EBITDA. Hmm?
If LEE is such a good investment why don't you ADVERTISE your FLASH Market REsearch in one of their (widely read????) newspapers instead of on this message board!!
PLXT has levitated back above $6.... some 20 times next years estimated earnings. Either the forecasts are low or maybe something else is in the wind????
I generally side with management and I want PLXT to reach more of its potential before considering a sale. But I also want management to be more accountable to shareholders. It is unjustifiable to have outside directors w/o ownership of shares. I am with Potomac in this proxy fight.
Well, I read the transcript. Seems like they anticipate 25% growth per year going forward based on negligible competition, no design losses, and strong industry growth. Cautiously optimistic. If wishes were horses beggars would ride.... Including me!
Over the weekend I caught an FT interview with the CEO of one of the big worldwide ad agencies, WPP, I think. The CEO was making the point that new media... digital and especially mobile.... still receive considerably less of the ad pie than should be commensurate with their increasing eyeball time. He also indicated that print generally receives more of the ad budget than it merits. I'm not sure how this all translates or transmits into future newspaper ad revenues but... given the eyeball time/ trends. where are we in the secular decline of newspaper ad revenues??? Half way through a decline heading toward a baseline of 20 to 30% of peak revenues.... or on a pony to zero??? Thoughts?
Still long 47,700 shares with average cost at $10.09. Not sure I qualify as a groupie but I do remember Leon, tail fins, and a settlement. I like my bag!
Thesis is that HUN will combine two businesses into one making a more profitable, larger, more efficient entity with dominant market share. HUN will then spin off the new entity in an ipo. Big $s acoming for the patient shareholder?!