tag:blogger.com,1999:blog-3541352681651202123.post3264125115552226956..comments2023-12-27T00:31:42.598-08:00Comments on the patient investor's blog: 1Q17 Letter + Thoughts on Steel PulseLong Cast Advisershttp://www.blogger.com/profile/13731550239184386639noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3541352681651202123.post-29959217746498342212017-08-20T02:29:16.605-07:002017-08-20T02:29:16.605-07:00I've had three companies get taken out this su...I've had three companies get taken out this summer and this is the one I'm least unhappy about simply b/c their end markets are weak with no catalyst for a rebound.<br /><br />even as Castleman fixes the company, he can't get customers to crack open their wallets. E&C CAPEX is pretty lackluster. end market weakness prob justify the low ball offer. <br /><br />still i was surprised simply from the fact that there are shareholders who bought in the last 6 months who won't get repaid. <br /><br />I'm curious if your views on hoping for a rejection have changed post 2Q results? <br /><br /><br />Long Cast Advisershttps://www.blogger.com/profile/13731550239184386639noreply@blogger.comtag:blogger.com,1999:blog-3541352681651202123.post-72829920881944888302017-07-31T15:54:05.777-07:002017-07-31T15:54:05.777-07:00Editing for clarity:
The buyout offer for CDI fro...Editing for clarity:<br /><br />The buyout offer for CDI from PE fund is a low-ball offer. If this deal gets completed, the PE fund will be getting a good value investment that they can unload in 3-5 years. I am hoping that shareholders reject the tender offer (though 26% held by management will be tendered).<br /><br />What are you thoughts?pheonixhttps://www.blogger.com/profile/16351836915454429430noreply@blogger.comtag:blogger.com,1999:blog-3541352681651202123.post-83268506855924963202017-07-31T15:52:38.301-07:002017-07-31T15:52:38.301-07:00This comment has been removed by the author.pheonixhttps://www.blogger.com/profile/16351836915454429430noreply@blogger.com