Rande,
I read in one of your posts regarding BDE: (5733)
William, you asked for the next TUNE. In my opinion, this one is it. Last week, just before NAB "someone" gave them 6 million dollar credit, in exchange for being able to buy shares at a 15 percent discount over market. The company called in some outstanding convertibles, etc., paying off old debtor, according to last press release. The downside is that companies often do this sort of thing prior to being bought out. A buy-out is not at all what we would like to see here.
Could you expand on this and explain a) why this activity is indicative of being bought out b) why a buy out would not be good.
I understand that we are wanting this stock to grow slow and strong (hence the designation: SAM), but perhaps a buyout would achieve the same ultimate gains, except quicker.
Thanks in advance for your explanations,
Kevin T. |
