Q: Hi 5I,
If lspd is able to take itself private at what price would you expect a deal to be successful?
What is the Capital Analyst day? I read that this event was postponed. Do you know if is this correct and if it is correct what would you expect the reason would be?
thx
If lspd is able to take itself private at what price would you expect a deal to be successful?
What is the Capital Analyst day? I read that this event was postponed. Do you know if is this correct and if it is correct what would you expect the reason would be?
thx
5i Research Answer:
The Analyst day, scheduled for November 20, was cancelled with an announcement on Thursday. Some will speculate that this is due to news regarding its review, but there is no way of confirming this. The reasoning could be anything. The stock is likely trading more on the possibility of a sale than on its fundamentals. A price is hard to call but a control premium would be required. Its 52-week high is $28.73 so we think it would need to be at least close to that, or higher.