Gee...you think the "advisors" and bankers did well on this. Must have been a brutally hard analysis to figure this one out. Goodness...
Not much other than I am familiar with AutoTask. There may be some value in their portfolio above the cost basis. Biggest asset though is NOL so I think finding a way to use that going forward is key.
Yes. I actually follow the 13D filings for such trades. They usually target companies with excess cash and exert pressure to do shareholder friendly things like dividends/buy backs, selling division.
Friday's big pop was due to the fact that Becker Drapkin filed a 13D disclosing they are having active discussions with management re: shareholder value enhancement. Should result in some positives going forward.
I agree. They would sure have more options and people will be able to see the value in US assets more clearly. For a classic example of the potential impact of selling non-core assets that require lots of Cap X, look at IQNT. An activist investor suggested selling non-core assets (Cinton Group), and the company did it a few quarters later, then raised the dividend and improved results due to focus. Stock went from $3 in February to $13 or so today. Sold too soon but did well.
Sentiment: Strong Buy
Like I said earlier, the recent drop in price only gives Casablanca a better argument. This is a classic case of bad acquisitions to the tune of multi billion dollars lost. I am in agreement that management needs to be held accountable. New blood would help IMHO
Sentiment: Strong Buy
I agree. My sense is they buy something in the near future as the balance sheet is very strong at this point.
Seems to me the share price tumble will play into their game plan. Has anyone re-thought their voting stance since earnings report? Let's get an informal survey.
I have no information but I expect they are having talks now, depending on outcome, we may see proxy battle. My sense is management needs to be forced to act responsibly.
The president just announced that a "green" substitute for iron will be developed by a government funded company. This company, called Bolyndra, will produce the environmentally friendly iron substitute. The president was quoted as saying "I am pleased that we can create green jobs, offer affordable healthcare, and close down these fat cat iron and coal companies, because they did not build that".