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Strategies & Market Trends : Speculating in Takeover Targets
CTG 7.820-2.1%1:26 PM EST

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To: richardred who wrote (3246)1/14/2013 12:33:31 PM
From: richardred1 Recommendation  Read Replies (2) of 6101
 
Xyratex: Baker Street delivers letter to the Board Of Directors of Xyratex; calls for a fair and thorough review of strategic alternatives to maximize shareholder value ( XRTX) 8.38 : In the letter, Baker Street stated its belief that Xyratex' current market price is dramatically lower than the Company's intrinsic value. Baker Street believes this valuation discrepancy is largely due to the flawed strategy of reinvesting substantial profits from the Company's mature core businesses in loss-making and unproven HPC and Cloud initiatives. Baker Street stressed that a fair and thorough review of all strategic alternatives available to the Company should be undertaken by a significantly reconfigured Board to maximize shareholder value.
finance.yahoo.com
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