All I can say is that Vector made a killing. They almost doubled their investment in 3 months.
I guess the institutions that sold to Vector are #$%$ off.
To all the longs that held Click until today congrats !!
In regard to Click's management, mainly the CEO, he did a terrible job for shareholders.
Click shares were trading at $13 few years ago when Soros bought his position.
If TOA was sold for $400M with $40M in annual revenues one must wonder why Click did not fetch a higher valuation.
The answer is the CEO and the rest of the management team. When they miss revenues again and again, the only way out was to sell the company, even on the cheap....
Enjoy your returns from this sale and it happened when everything else is selling off thus you can buy other companies on the cheap.
Maybe they know something that will give them the chance in the 7s?
Thus they just wait for the right opportunity,
I'm sure Vector will be happier to buy in the $7s than the $8s.
What if he is not waiting to catch a falling knife? Will you step in and catch it?
Have a wonderful weekend,
SAP had many chances to buy Click. They know Click better than anyone.
If they did not pull the trigger all these years, I'm sure they have a good reason.
Maybe SalesForce will buy them?
The fact that they are reporting later than usual tells me their quarter is not a great one.
When they have great news, they report during the 3rd week of earnings season.
As I said prior, It won't make or brake the share price since it's not trading on fundamentals since last report.
That Click did not announce earnings release date 20 days into April.
Usually, they report during this week.
They need to give a two week notice thus they won't be announcing until May,
Click stop trading off their numbers since Q4 report with the false sale of the company article and the Vector stake.
Even if they miss big, the stock price will not suffer much,
You guys are too tight and serious....
It's only money and yes their quarter is what it is.
I have no clue about their numbers so please don't report me to the SEC.
Thanks in advance,
You have to love FKJacobsen,
He shows up, posts a full BS non-sense like a CNBC analyst and the stock has its best day in couple of months.
It never fails,
You are correct, but for me it was a maximum gain of 20c and wait until August did not make much sense.
I'm a trader and I can do ten fold on that between now and August.
I'm sure you will do just fine.