Every now and then, I’ll make my displeasure known about a merger that I think is priced too cheap, or I’ll send a letter to a board about a situation where a sale is needed. Because of that, once or twice a month I’ll have a shareholder reach out to me about a setup where a company is getting sold for a price the shareholder finds disappointing.
Love the piece. The HOME story is the perfect illustration — shareholders were convinced it was worth far more, fought the deal, got a small bump... and then the company went bankrupt. Their valuation was never realized. Having a number in your model and having the market ever price it there are two completely different things.
Alcon has a significant number of local distribution channels that STAA could have leveraged in China if the deal had gone through, and STAA even made changes early in 2025 to facilitate its greater collaboration. It will be interesting to follow the new management's strategy for taking the business to new heights alone, in light of the significantly different domestic competitive landscape post the 2024 approach, given the domestic certification and market entry of Loong Crystal's products in 2025.
Love the piece. The HOME story is the perfect illustration — shareholders were convinced it was worth far more, fought the deal, got a small bump... and then the company went bankrupt. Their valuation was never realized. Having a number in your model and having the market ever price it there are two completely different things.
Alcon has a significant number of local distribution channels that STAA could have leveraged in China if the deal had gone through, and STAA even made changes early in 2025 to facilitate its greater collaboration. It will be interesting to follow the new management's strategy for taking the business to new heights alone, in light of the significantly different domestic competitive landscape post the 2024 approach, given the domestic certification and market entry of Loong Crystal's products in 2025.
Hi Andrew，very nice opinions on $TASK，we also have some related ideas on this topic. Would you mind we recommend each other？Thank you！
Hi Andrew, a bit off-topic, but do you have any thoughts on Mastercraft and their recent deal to buy Marine Products?
I have not followed that one!