Q: Hi 5i
In your opinion do you think there is a strategic nature to leaked news of a potential " acquiring " of Nuvie?
As you mentioned the stock had been falling for a week to around $29.5 canadian now up today up around 28%....
....However If this news would have leaked 2 weeks ago at sp of around $36 canadian i believe management would have a harder time convincing shareholder that a potential $30 US take over price is a great price....
Am I dreaming ? Can you provide some commentary....
Thx
In your opinion do you think there is a strategic nature to leaked news of a potential " acquiring " of Nuvie?
As you mentioned the stock had been falling for a week to around $29.5 canadian now up today up around 28%....
....However If this news would have leaked 2 weeks ago at sp of around $36 canadian i believe management would have a harder time convincing shareholder that a potential $30 US take over price is a great price....
Am I dreaming ? Can you provide some commentary....
Thx
5i Research Answer:
Management wants a high price like any other shareholder. We would not read anything into this. If there was any sort of 'leak' we would have expected shares to rise. Greed typically will triumph manipulation. To us, it looks simply like NVEI was approached, and needed to respond once it was in the media.