Hope you don't mind me jumping in, Doug. IMO, NN has been down while others have peaked, because Lutz lied to everyone on the planet. Big time.
I wonder at some of the bright people on this thread that refer to NN dip into the mid-teens as anything other than an aberrant down spike.
As awful as the last disappointment was, IMO, it hardly marked NN as a company on the ropes. In fact, if you cared to view NN interests in affiliates and start-ups as you would a conglomerate's, the quarterly earnings would have knocked your socks off.
At this point, I expect nothing on the NN sale front until there is a number (any number) put out in the open by a suitor. Only then will you see stockholders putting pressure on the board for a sale.
Absent such pressure, I have trouble seeing Terry biting on much less than $50 bait, if that.
FWIW, if the new gear works and gets out the gate and if Flynn has the goods (I think he does), NN is a three-bagger or better in the next 12 months.
P.S. to gbh -- Gary, you still keeping those beers warm for me :-)
Wishing a merry little Christmas for all,
Mike |
