Cubic Corp (fka CUB)

[RC2]

I think Zable’s death means CUB is more likely to be sold, which is probably why the shares were up 4% on a down day for the market (#msg-76957330). What do you think?

I'm inclined to think it was more knee-jerk speculation rather than informed buying.

CUB's January Proxy indicated Walter J. held something like 38% of outstanding shares in trusts and a charitable corporation under his sole control (I believe that was the exact wording). I assume that he was a control freak, and has dictated from the grave regarding future company ownership. Perhaps in his wisdom he opted for monetization of those assets; perhaps he couldn't abide unknown parties acquiring his life's work.