ill interject a cpl things,first this is the best discussion ive seen on a message board in months,thankyou and good job,,next,go back a few years,when wbmd collapsed,several firms were betting on 60-70 a share all way wrong.caanacord is a research firm i believe not an investment bank and they were really embarrassed last point for all of the so called engineering,martin has to be aware of what its doing to his investment bankers who i assume prefer higher share prices,on top of this the longer this flat to negative action gpoes the less interest will be in the co and when marty decides to let share price go nobody will care.the mkt is saying something,im still not sure what it is
recall 34 was where icahn left us if i recall,im not sure this will hold either,especially if the mkt does its traditional sept swoon,theres virtually no strengh at this point volumes has picked up on the downside the last few weeks vs up days.i keep wondering iof marty overplayed his hand,or is prepping to take us private.
unfortunately small holders have little say,ask bbry holder 2 years after that auction,these boards unless really blown away have no reason to do buyout,they lose power and control
you beat me to my first comment which leads me to a question,what does the street know that we dont,or is this the final capitulation of retail owners like us and we are too dumb to read the signals,clearly the last 2 trading days are sending out bad signals,im bearish now but cant find the guts to sell my remaining shares.
this reminds me of fla state football when bobby bowden brought his son jeff in,a decnt but not great coach,the program fell apart and 4 years later the aged legendary coach was forced into retirement,this looks like that,and look the results speak for themselves and at best the last 5 years has been pretty mediocre
what surprised me is that cos like goog,fb etc didnt take a look at this,as they too are really advertising sites.icahan was right a few years ago in trying to get marty to sell this.oddly this am i contacted a longtime shareholder i use to communicate with in the aol days he is in az and indirectly connected to wygod and even he has no clue what this co is doing,in fact he sold most of his shares last winter early,he has been with marty since the sntc and earlier,he kept a few shares as an auld lang syne,but he is baffled now so we are not alone
if they do im out,this cos stock has lost ground over the last several mos while most in the healthcare space have at least gone up,ive just about had it,im close,waiting to see this for another year go back to 45 has little interest for me
im looking for an alternative,i cant help but wonder if martys end game is to go private and re release public down the line.
board members are millionaires,the avg shareholder isnt the board can wait and will wait if it serves their best interests,see blackberry as an example
it would take a crazy to outbid the ete offer,the board has no choice but to set up an auction,what everyone is forgetting is that banks are going to be cautious as this still a commodity type business.
its becoming doubtful that those 52 options for execs due later this year wont be excercised as the stock wont likely get there,under 40 as i write and mkt conditions deteriating,this is the stuff that marty cannot control,i do wonder if any retail investors that sold would want to buy back.,im holding but i find the bull case getting weaker as outside forces overtake everything else
having sat through the bidding for bbry it was days til prem watsa announced his rejection of all bids,lawyers go through the bids,and that takes time.,im still betting no deal as the offers will not be good enough.