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As you know I think this could be a $15 stock, but there are several things that hold it back. The main thing is the debt, also they work off very little backlog, and their main customer (probably HP) is having a tough go of it right now, even tho the stock is up. Those things said, they are expanding and business(plus margins) is increasing. I would like for this to happen, but for more than $12-$14, because if they can reduce that debt, this will be a good stock to own. Just look at all the other PCB companies.
tyco is getting a bargain as they say fair value is 1 times sales. and siga is priced at .5 times sales, not including the fact that their sales were growing. but it is apparent that the pcb industry overall is in a slowdown. i presently do not own any siga but have in the past and like the company. wish i would have bought at 3 instead of chickening out. good luck.
Good article in this weeks FORBES about TYCO. From the sound of the article, I wouldn't think that management could make any long term deals. Based on what I think about the management, they will be gone shortly. I bet they are trying to get as much as possible up front.
Any danger in holding out for the full $10.50 as opposed to trading out now (at $10 1/4)?
It seems the market does not expect any further bids for SIGA, suggested by SIGAs price ($10.25) relative to the cash tender ($10.50). If companies are "in-play" the stock usually trades at a premium to the first cash tender offer.
I'm waiting for $10.50. It's 2.4% more and there'll be no transaction charges. There is a possibility that auditors will find something that squelches the deal, but that is more of a risk in high flying companies that were compelled to show large increases each quarter.