Replies to post #66823 on Savvy Trades and Investments

[hweb2]

Nice on WSTG! Makes sense as stock has been cheap for a long time now. Heck of a buying opportunity on that panic selloff to the $12's last month.

[2morrowsGains]

WSTG...N&W/SK tried this crap with CSPI a few years ago. It backfired. They first offered CSPI $5.50 and share to buy them out and then $7 a share. CSPI shareholders turned it down.
(CSPI now trading at $13 with huge upside potential).

CSP Inc. Responds to Criticisms From Samuel Kidston of North & Webster Opportunities Fund in Letter to Shareholders
http://investorrelations.cspi.com/investor-relations/press-releases/press-release-details/2013/CSP-Inc-Responds-to-Criticisms-From-Samuel-Kidston-of-North--Webster-Opportunities-Fund-in-Letter-to-Shareholders/default.aspx

North & Webster Raises Offer To Acquire CSP Inc. By 27%
https://www.rttnews.com/2053032/north-webster-raises-offer-to-acquire-csp-inc-by-27.aspx

North & Webster Withdraws Proxy Contest in Light of CSP Inc.'s Recent Statements it Will "Prudently Consider" and "Turn To" North & Webster's Recent $7.00 Acquisition Offer Following Conclusion of 2013 Annual Meeting
https://www.prnewswire.com/news-releases/north--webster-withdraws-proxy-contest-in-light-of-csp-incs-recent-statements-it-will-prudently-consider-and-turn-to-north--websters-recent-700-acquisition-offer-following-conclusion-of-2013-annual-meeting-190813631.html

[2morrowsGains]

WSTG...I hope the offer is turned down. I think this stock is worth $20+ by next year.

[2morrowsGains]

WSTG...Should hear news on the proposal by next Tuesday morning (if I'm understanding the filing right). It's a big win/win for me either way, but I hope to hell it does not go through. Based on WSTG's latest presentations, they are on a strong path of growth. North & Webster/Shepherd KaplanKrochuk knows it and that's why they own 5%+ of Wayside and are trying to acquire (steal) them. Their closing techniques backfired when they tried to acquire CSPI and I hope to hell WSTG sees through the BS...
"The SKK Reporting Persons further stated that the proposal will expire if the Letter has not been executed by the Issuer by the close of business on Monday, December 16, 2019."
https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13791957&RcvdDate=12/12/2019&CoName=WAYSIDE%20TECHNOLOGY%20GROUP%2C%20INC.&FormType=SC%2013D/A&View=html

Yesterday's WSTG presentation...
http://wsw.com/webcast/ldmicro17/register.aspx?conf=ldmicro17&page=wstg&url=http://wsw.com/webcast/ldmicro17/wstg/index.aspx

We'll see what happens.

[2morrowsGains]

WSTG...Wayside has been quiet as a statue since the buyout proposal last month. Doubt the offer of $16.38 was/will be accepted.
Q4 FY2019 (and Q1 FY2020) should show strong #'s, so hopefully the buyout bid/stock price will go up when Wayside reports.
We'll see what happens.