Mr.Fun: Excellent post. One of the most insightful messages ever posted to this thread. Good insight is hard to come by on a lot of these message boards, and good insight is really all that matters, the rest is just noise.
By the way, a lot of comparisons are being thrown about. Here's another...Terry Matthews reminds me a lot of Ray Loewen, the founder and now disgraced former CEO of Loewen Group. Mr. Loewen was so stubborn that he refused to accept a takeover offer from SCI Corp. valued at about $40 per share, and allowed his company, and by extension, the stock of the company, to totally collapse.
For the sake of the employees of Newbridge, and its beleaguered shareholders, we can only hope this doesn't happen again. It's a cutthroat world out there and it will be very hard for a niche player to make it on its own. The writing was on the wall when the Ascends and Bay Networks of the world started being acquired. The problem now for Newbridge is that even if it wanted to entertain an offer, that offer will be hard to come by, even at today's price. |
