News Focus
News Focus
icon url

DewDiligence

07/13/12 9:37 AM

#5383 RE: DewDiligence #5291

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.