Another 52 week low with the stock today and has fallen under major support
If it continues to fall then it very likely PE take over, strip the company to bare bones and break it up for parts
12 replies (most recent on top)
I the PE sees us a not about growing but rather just surviving long enough to pay the interest on that $6.6 billion and will stay away. There is no greater fool that will want to buy us until our stock gets in the single digits.
There probably isn’t any private consortium stupid enough to be unable to calculate the gap between their debts and assets.
The stock is hovering at Catch $22.
lol. Pe--s in a credit crisis along with PC
@OP No PE will buy this tu-d at any price in its current state. Yes, PEs are financial engineering firms, but they won't buy something if there's no business thesis behind it, either market driven or synergy driven. OT has neither. A PE might come in a few years once the body has already been dismembered and refocused on a core market (assuming that market is real and growing). Thinking that a PE will magically make money by selling the parts is fantasy.
@az all hands with Tom ?
@b6 anyone is better than James Girlyman and his ELT clowns.
PE would probably be better than the current regime.
"Mark the Hutt" will buy the company outright and will write a book about it.
It was pretty obvious after the first all hands with Tom that was the route they'd be taking.
It's likely that after earnings the stock price will fall further , more cuts will be announced
Otex won't exist in it's current state in 18 months
Ha, you know with the fire sale of non-core business units, I think you might be right.
They want to be acquired themselves