Often used quote by Bob P. "Companies are bought, they are not sold."
How do you explain the primary shareholders all agreeing to sell their shares of the company at a significant discount over where it should be, in the $40-$50 range?
Its a vote of no-confidence of the executive management, and essentially dumping the turd that should have been sold years ago were it not for such grossly negligent management at the top.
Very little shareholder value created with this CEO at the helm for over 7 yrs. Shameful considering the amount of money he has pulled from the company in the form of his bloated compensation as well as the lost value the shareholders should have been able to realize with such a (supposedly) experienced and well compensated CEO. Shameful.....
What happens now?
Interesting that Bob P. bought $1 million of stock back in August. He bought it at $21.37 and now it's $30.70.
Very nice return on investment indeed. I wonder if he knew about this acquisition....
I actually spit water all over my keyboard when I read that someone thought WMT was worth $40-50 a share. According to what version of reality exactly? $30.75 is a shitty price, and also a fair price for what was being acquired. This company has been rode hard and put up wet. Basically management saying "we tried everything we knew and nothing worked, so time to dump this turd". Good luck my friends, I think this will get messy.
What happens now?
Eenie, meenie, miney, moe...... Who is Stryker going to let go?
Lets play...Who is going first?
I hear cherry rd and horizon lake will be available to be rented soonWell, I imagine there'll be plenty of parking spaces at Cherry Road this time next year.