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Old 06-30-2017, 05:55 PM   #15
twistedtree
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City: Vermont
Join Date: Jan 2013
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Well, Monomoy clearly thinks there is upside since they paid a 32% premium over the market price. It's value as a business in its current form is presumably reflected in it's current market price. I could understand if it were the first step in a consolidation move, but west already did that a long time ago. Maybe they plan to roll in a service angle to the business like GeekSquad. Given the high cost of marine services, and no corresponding need to perform or deliver, it could be a good idea. I just think they must have some bigger plan, and one that can't be carried out as a public company on a quarterly treadmill. Dell is a good example of a big (much bigger) company that did such a thing.
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