A quick note from Hedgeye CEO Keith McCullough:
I don't always get squeeze (and feel shame), but when I do... it's something like this, where having an edge on the company being "taken out" would give me Orange-Jump-Suit Risk #On!
Notwithstanding the simple concept that a company that is slowing that doesn't want to report that reality anymore will often raise their bailout hand to "buy me" before it gets worse...
This is what it is and we're going to take our medicine on this one here. Here's Technology analyst Ami Joseph's quick take on the "possibility" of getting squeezed to a higher price:
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"Despite these two elements, if I had to decide right now on whether an acquisition like this makes sense and is realistic or not, I would say, YES, it makes sense and is realistic, without obviously knowing and sitting inside the chambers where such decisions are made. My guess is that a deal can be consummated in the $39-46 range based on the EV to S to Growth metrics of current and forward Slack." |
KM
