Replies to post #62690 on Savvy Trades and Investments

[novicetrader]

SYNL...looks like Privet's recent(March/April) share buys were in the $15-17 range.I'm watching to see how this goes.

[novicetrader]

SYNL...just bought a piddly few shares@15.10 to have skin in the game,lol. Reading through the SEC filing of May 29,where the back & forth letters between Privet & company were listed and from yesterday's news it looks like the matter is still in play.
https://www.sec.gov/Archives/edgar/data/95953/000009595319000070/0000095953-19-000070-index.htm

[novicetrader]

hweb/KIK-SYNL: From this statement in yesterday's PR, my interpretation is that the buyout offer isn't dead yet(seems like management is now taking the initiative). The way I'm seeing it is (in a worst case scenario),the $20 price might come down a tad,but even at $17/18 it will still be a more than 12% premium to present prices.Thoughts on this please?

“Privet has requested additional diligence information, which we will be providing in a data room later this week.” Bram continued, “The Board of Directors of Synalloy remains committed to doing what is best for all shareholders and will consider any and all good faith offers made to purchase the Company.”

https://finance.yahoo.com/news/synalloy-updates-full-2019-guidance-181500351.html