I don’t think that was the assertion at all Craig. I think the conversation was that sometimes dying companies buy thriving ones, ones which are making insane profits, just to shore up their own balance sheet.
NGW is thriving indeed. The stock price? Not so much. But that will change as soon as the sentiment for the sector changes.
It’s a rock solid company and my guess is that there have been abundant buy-out offers, all of which have been turned down.
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