Great thoughts here. Ty. That helps. I do also like healthy debate on stuff and not the normal ALL CAPS INSULTS.
This makes sense if the company is going to be bought and the assets broken off and sold in pieces. If you’re valuing the assets that way then what you are saying makes complete sense.
But from what I can tell, Cyxtera has great, top of the line products. And a real growing business. In a growing industry with a lot of promise and hope for the AI boom stuff.
Their debt was too big, like most SPAC set ups. And they couldn’t make it when interest rates went up. (Maybe they wouldn’t have made it anyway with debt that high.)
So, if two companies believed and wanted to get into this business. Or a current company wanted to block another new well capitalized company from getting a strong foothold and global footprint in this business. They might. And I stress might. Be willing to bid over asset value for this company. That’s why, in my opinion, it has a shot.
As gamblers do, they put money down to take a shot. With a market cap of $10M. Not needing much over here to at least break even. Maybe make a return.
