Shorts could very well be a bit nervous about the possibility of someone gobbling CPST up. But I believe the shorts see a washed out stock, and wisely taking their huge profits and then waiting for higher prices to begin again.
As to UTX or GE coming in; nice scenario. Both have strong marketing strength globally and because of that sales of micros would take off because of their reach. However for these giants it wouldn't add anything to either ones sales, as CPST would be viewed as a pimple on an elephants's rear end.
CPST's mgmt would find it hard to resist the right offer if only for reasons of fiduciary responsibility to shareholders. While they've been indifferent to shareholders interests, seeking only to satisfy their cushy cushy deal, they would find it difficult to fend off or resist an attractive offer.
Mgmt has run out of excuses for their lousy performance . Shareholders are clearly pointing to them as the nucleus of the problem. They know it and I believe they would be forced to take any expression of interest seriously. Simply put, there's no place for them to hide anymore.
Yet all of this is a hope and a wish and not a reliable basis for buying the stock .
