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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4660

Monday, 06/25/2012 10:02:49 PM

Monday, June 25, 2012 10:02:49 PM

Post# of 30493
CUB was +4% today on a day when the broad market was hammered.
Why? Because the CEO and founder, Walter J. Zable, died at age 97:

http://finance.yahoo.com/news/cubic-corporation-reports-death-founder-130000367.html

Zable’s advanced age has been one of the reasons I’ve owned CUB for the last few years. In #msg-58908872 I said:

I like the tie-in of CUB's mass-transit business with The Global Demographic Tailwind. The company also has buyout vig insofar as the founders/officers are older than sin and may be inclined to sell.

Other investors evidently concur that Zable’s death means the chance of a buyout at a nice premium just went up.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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