The minute DO ALL tabled the ridiculous 81 cent offer no one expected them to raise their bid. This was just a simple stink bid and with Q3 being a decent one and not having the " penalties " and other scare monger tactics Do All alluded to in the note, Hyduke can now look at REAL OFFERS.
The share buy back would be the first one in its history. This willraise EPS and make them even less beholden to the banks , not this was much of a factor. I think with a few more quarters, and thids being on the radar, it can make the climb back to 4 dllars like it did before. If the offer comes fine, if not I think it wil lget there in 3 years any ways. I am of the feeling that a take over will happen, but it might be a cash and stock proposal if its a smaeer company doing the acquiring. My sources are telling me McCoy is in the game, but it wants 50 % cash and 50 % stock and the company is looking for a 75 % cash, 25 % stock option.The sticky point I am hearing is if Mccoy does the buy out is if the divdend is reduced. In my view a 75 % cash deal, with 25 % stock paying a nice 5 % dividend is a no brainer deal that wll close.