This is just another snake deal from GE. He probably knows he flip the boats for a tidy profit to another external party and not let DRYS shareholders get that action. Remember when GE offered to to sell 4 panamaxes for $300 million back in 2008 with a non-returnable deposit to GE? What a scam as the vessels ultimately lost 75% of its value in less than a year. That deal alone cost DRYS more than its entire current market cap.
In summary. GE wins, DRYS loses
company will not be bought out unless Wu wants it to happen, he controls too many shares.
The company should consider a share buyback if the price becomes such a compelling value.
well the guy didn't say 7.50 to 8.20, he said 5.00 to 8.20. Thus, you take the conservative part of the range and let management prove it otherwise
If management is not willing to buy its own shares at these levels then to me it says the company would rather get no return on its $180 million in cash than invest in its own company.
this is actually a gift to Nokia. Saved itself 20% for ALU. Probably a steep breakage fee if ALU gets cold feet.
interestingly, I checked the exchange rate of the Taiwan currency and its very close to what HIMX had assumed with its guidance. Thus, whatever the earnings will be, there shouldn't be much noise from exchange rates.
I am almost surprised the company is not buying back shares at this price level. If there is some tailwinds on new product and sales from the R&D spend, then the buyback will be even a greater investment for the company from its balance sheet.
I wish they would announce a share buyback at this price, seems to pay for itself given they probably have more cash than they need for R&D
plus Nokia is buying a company that is not generating profits. This is desperation on the part of NOK's board. Should have joined forces with Ericsson.
Sentiment: Strong Sell