Originally Posted by
silverblizzard888
Extremely cheap offer for the acquisition of a world class tech firm, but thats the cut-throat factor of the stock market the minute you fall behind on growth, margins or profits you sink to the bottom of the valuation ladder and the beauty of it is that the minute you turn these factors around its worth a million times more and thats where the real money is made. Currently its a good time to shop for undervalued companies to hold till when interest rates drop and the economics wheel of progress starts spinning again.
Congratulations for the ones who saw ERD trading at a extremely low multiple and took action, you made some extremely good returns buying at the bottom. I feel like the offer will be rejected merely because its too cheap, maybe a revised offer of $1.60 might get it over the line, still pretty cheap mind you for what the companies achieved and would be worth in the future.