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DewDiligence

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DewDiligence

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Re: DewDiligence post# 5291

Friday, 07/13/2012 9:37:40 AM

Friday, July 13, 2012 9:37:40 AM

Post# of 30493
CUB CEO’s death is analyzed in Thursday’s NYT DealBook blog:

http://dealbook.nytimes.com/2012/07/12/after-its-founders-death-speculation-about-cubic-corp

The blog author views the coming secondary offering to pay estate taxes as bullish, but I’m not so sure about that. On the other hand, two analysts predict a takeout at $60+, which would represent fair value, IMO. A spokesperson for the founding family says they have no inclination to sell, but this might just be posturing.

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

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