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Peer 1 Network Enterprises, Inc T.PIX

Price: N/A | Change: N/A | %Change: N/A
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 3.90/2.02
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RE: RE: no competing bids...

game over.... http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPIX-2035950&symbol=PIX®ion=C  rate and reply
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RE: RE: RE: RE: no competing bids...

I don't think PEER 1 is a good fit for Rackspace. Actually, back in 04, PEER 1 bought some of their un-wanted assests.  rate and reply
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RE: RE: RE: RE: no competing bids...

Its a bubble in the US for cloud space.  Canadians are much more conservative in valuations.  rate and reply
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RE: RE: RE: no competing bids...

Check-out the share price action on Rackspace today (NYSE: RAX)... its now $80 / share up $3 on the day.   I will never understand why PIX couldn't trade at anywhere near the multiples that RAX trades...read more
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RE: RE: no competing bids...

Deadline for client instruction to brokerage firm is 8 days from now.  One can always sell their shares at market which is close to takeover price of $3.85. It looks like there are no other bidders...read more
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RE: no competing bids...

We can't conclude that "there doesn't appear to be anyone else on the horizon."   There's no reason a competing bidder has to rush forward with their offer... my reading of the Peer 1 news release...read more
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no competing bids...

Doesn't appear to be anyone else on the horizon.  This appears to be a friendly takeover and likely to go through at $3.85 / share. Where to park these funds next?  rate and reply
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Article: Cogeco to buy Peer 1 Networks at 32% prem

Cogeco to buy Peer 1 Networks at 32% premium to market  rate and reply
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RE: RE: Takeover

"Time for RAX to step in with a superior bid!!..."   My thoughts exactly!  There's no way - in my opinion - that this isn't going to result in a bidding war.  How can RAX sit on the sidelines and NOT...read more
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RE: Takeover

Time for RAX to step in with a superior bid!!  rate and reply
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Takeover

Looks like someone appeared to holding the share price down to minimize a premium.  I'm surprised management is selling out at this level.    MONTREAL, CANADA and VANCOUVER, CANADA--(Marketwire - Dec....read more
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Valuation RAX vs. PIX

Are these companies trading on price to revenue basis with RAX at 10X and PIX at 3X.  So RAX could buy growth by taking a run at PIX by offering  say 6X revenue or twice the current share price.  rate and reply
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RE: RE: $3.05

Actually Peer 1 seems to taking work away from RAX especially in the UK.  The big difference is in the US Markets and wimpy Canadian Markets.  Oh yes, PIX is almost half owned by the principles. Just...read more
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RE: $3.05

It does seem to have a lid on it at $3.05   There must be fundamental differences between the quality of Peer 1's economic opportunity and the quality of Rackspace's.   Peer 1 sems incapable of...read more
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$3.05

Given the market depth (ask) was so thin, I expected to move through 3.05 pretty quickly.  Looks like a peculiar glass cieling we cant close past.  rate and reply
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Market Depth????

# Orders Shares Bid Ask Shares # Orders 2 6800 2.950 3.000 1400 1 1 10000 2.920 3.050 5600 ...read more
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Market Depth

# Orders Shares Bid Ask Shares # Orders 1 10000 2.920 3.050 5800 3 2 5000 2.900 3.100 1000 ...read more
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3.04 new ask

Looks like we've nibblled our way through the 2.99 glass ceiling.  Can anyone post market depth north of 3.00? Analysis? Thanks,  rate and reply
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2% of equity

just a minor acct swap on behalf of one of the two or three major holders,, nothing noteworthy,  rate and reply
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volume

Must be a mistake.  Stockhouse is reporting that as of noon, 2,568,425 shares have changed hands and only raised the price .15 :-)  rate and reply