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Strategies & Market Trends : Value Investing

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To: sjemmeri who wrote (19533)1/9/2005 5:01:17 PM
From: Paul Senior  Read Replies (2) of 78744
 
COSN: What the heck??

COSN has a market cap of $28.09M per Yahoo. ($2.74/sh)

COSN had no debt and $33.62M in cash a/o 10/28/04. ($3.28/sh)

Friday COSN agrees to a buyout offer from Tut Systems for $27M (in TUTS shares).

I hate when something like this happens. Perhaps a good size misjudgment/oversight on my part as to what the off-book liabilities are.

I intend to get a legal opinion about this deal - on the surface, it seems crazy for stockholders, maybe especially small ones who aren't insiders.
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