Wow, did you see the news tonight on CBS Market Watch?
It appears that New D might be a takeover target. Either that, or earnings are coming in bad. But, the bad earnings don't make sense, as they told shareholders (I talked to Laurie) and analysts that the quarter is on target. They would not b.s. about that, since they got spanked before in a nasty lawsuit. They cancelled an investor road show with Nicole Schmidt of Oppenheimer that was to start tomorrow, and have called an emergency board meeting for tomorrow. The stock apparently lost ground today as investors learned about the cancelled investor's meeting (or whatever it was), and took that to mean earnings were going to be bad. But again, that does not make sense, as they told people that the earnings were on track. There was also an Israeli source who said the company has been in talks, and that they would agree to be purchased if the price was right. I'm telling you , you need to go read the story on www.cbs.marketwatch.com. Go to the Yahoo message boards, and one of the last two or three postings has a direct link to the story. Personally, I was hoping for a LOT higher price in this company over the next two years. But hey, a buyout would beat bad earnings. The only other thing I can think of is that they might be buying somebody. But that makes little sense to me, since I doubt you would cancel a dog and pony show to sell yourself to investors because you are buying somebody, or because earnings would be bad. To me, you cancel a road show and hold an unscheduled board meeting because there may be no company left to take on a road show. We'll see. I could be WAY, WAY wrong. Later. |
