Not particularly, it seems there could be a lot of upside potential given their success in the JNJ lawsuit, but there's also not much value underneath it if they should decline the offer, or let it fall through.
I briefly thought about trading in my EUCTF for DECN today, but decided to stick with the security of EUCTF trading near cash....and what I believe is bigger potential of their businesses in the long run.
If you take note of the last sentence in their PR yesterday, this unloved technology stock trading near cash value and about half of book value could potentially become a marijuana stock.....and a marijuana stock with more actual technology and credibility than many marijuana stocks trading with market capitalizations that are several multiples higher. They've also got SICPA competing for fuel marking contracts they could receive a 5% royalty on (including a big European Union contract) and their wholly owned XwinSys subsidiary working with the major semiconductor manufacturers to place their Onyx semiconductor inspection systems at ~$2 million a piece.....so I decided to keep my investment money parked there for what I believe will eventually be a healthy long term gain.
I know DECN has been discussed here before and just wanted to give a heads-up for that interesting news.....if I had time and free cash to play, I might have looked for a short-term trade in it.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
