Blogroll Me!

Tuesday, June 14, 2005

IUSA - That was fast! CEO's buyout offer gives 20%!

I was taking a hard look at IUSA after it was knocked down 20% when it reduced guidance last week. Well, it appers that I should've moved sooner because the CEO, Vin Gupta came out with a buy-out offer today that put the price of the company back right up to where it was before the hit. By the way, CSFB looks like idiots here. "Well, we thought there might be a bid that would make our downgrade look stupid and...uh...there was." Smooth move, dorks.
FYI - I think there's a good buy-out arb here as the first offer in a buy-out is likely not the highest/best offer...
Relevant information:
- $11.75 cash per share (25% premium to price immediately prior to offer)
- Vin currently already holds 38% of the company.
- Transactions funds solely from acquistion debt financing
- Anticipated closing timeline: within 90 days
- Advisor: Rick Massey of Stephens, Inc. (Let's hear for those backwater Little Rock boys! They seem to have some staying power down there...)
- Other offers will not be supported by Vin
Damn, I wish I would've bought yesterday. Lesson learned.


At 3:07 PM, Anonymous Anonymous said...


Thanks for checking out and inviting me to your site. I like techtrader, it has an interesting perspective. I too am from the tech industry and can appreciate your views. I am going put a link to your site on the smart money investor homepage , do the same for me if you want, I would be greatful.


At 6:50 PM, Anonymous Anonymous said...

Two things come to mind.

Why buy out?
If he wanted control, just a short jump to buy 51% , and a lot cheaper.

Does he want to buy it and take private to hide some accounting thing?

Does not make sense.

At 5:23 AM, Blogger Anonymous said...

The typical buy-out scenario means two things:
1. the market is significantly undervaluing the future earning potential of the company (at least to the mind of the acquiror). considering that in MBO's the acquiror is the CEO, i tend to believe them! vin believes that he can grow iusa beyond its current valuation.
2. the costs of being a public company are significant, especially in the days of SOX. removing these costs and using that cash to invest in positive ROI projects may also increase the value to the owner above market expectations.
in vin's/iusa's case i would note that the company is very profitable and owning a profitable company is a great deal.

At 1:47 PM, Anonymous Anonymous said...

psqtjso est hvrhw hot skinny girls


pdhnu xmomii zfw huge dicks

At 2:58 PM, Anonymous Anonymous said...

Just wish to sаy your articlе iѕ as amazing.
The сlаrity on your submit is ѕimply excellеnt and і can ѕuppоse you aгe an expeгt in this ѕubject.
Finе wіth yοur permіssion let mе to snatch уоur feed tо stay up to ԁаtе with apρrоaching post.
Τhаnκ you onе mіllіon аnd pleasе cοntinue the rewarding wοrk.

Feel fгеe to surf to my ωeb pagе: just click the up coming internet site

At 2:53 PM, Anonymous Anonymous said...

Do you mind if I quote a few of your articles
as long as I provide credit and sources back to your website?
My blog is in the exact same area of interest as yours and my visitors would
genuinely benefit from a lot of the information you provide here.
Please let me know if this okay with you.

Here is my web site;

At 10:20 AM, Anonymous Anonymous said...

Vаluablе infоrmatiοn. Lucky me Ι discoνeгed
уоuг ωeb sitе accіԁentally,
аnd I'm shocked why this twist of fate did not took place earlier! I bookmarked it.

Feel free to surf to my web page please click the next document

At 8:46 AM, Anonymous Anonymous said...

These five free basketball game apps for the i - Phone will surely help
you get your game on. Thus the games like the Mahjongg Spiele as well as the Naegel machen games are more in demand and this is the greatest benefit
or advantage of the online games. You'll have to keep the phone close (on the bed or in an armband) for the app to work.

Here is my homepage ::

At 11:00 AM, Anonymous Anonymous said...

Usually, a brand new website takes about six months to one year
to appear in the SERPs of Google, assuming the service provider is
worth their salt. The objective is to arrange your passions as carefully as possible with your online promotion company.

The race is becoming even more challenging with the passing of each day.
While you’re at it, remove all or fix 404 errors.
Since Google organic rank can bring in thousands of potential customers, search
engine position service firms have made a business of
promising high positions in search engine results pages.
Search engines are getting smarter at detecting
sites that are spamming keywords or made solely for
the purpose of advertising. While these 5 truths may seem self-evident, it is the astonishing fact that they
are contradicted, and even outright disputed, in the greater SEO debate.
The thing that needs to be emphasized is to create text of your website in such a way that the algorithms find
them easily. Make buying easy for the customer and they will return often.

This helps auto dealership websites rank higher in the search engines results
and get more traffic to the website. organic search, frequency of
blog posts, frequency of on-page optimization, the relative
importance of links, the use of social media, the best way
to measure results, etc. Don't Forget to Replace the Default Favicon with Your Logo. Moving your hosting to a nearby country such as Canada or an offshore Caribbean host may provide the same latency times, but reduce the risk of having your website brought down by a mistake. Think wine, and keep the URL intact. Create a general, high-level category in which you want to manage all phrases'for example
'global,' 'online,' 'channel,' and so on. Why. In fact, soon,
not using RDFa could put a site at a disadvantage.

But be aware of the traffic issue. They are looking
up the the keywords you did research on to find what they
are looking for. com is one of the premier portals
on the World Wide Web which has been formulated with the intention of providing SEO Hosting options for webmasters
around the world who seek a way to ensure that their websites
reach the top ranks of all major search engines.

Here is my page:

At 1:22 PM, Anonymous Anonymous said...

"Is there really no way to transfer my VC and Wii - Ware games from my Wii to another. One way to test yourself is to deal yourself hand after hand in front of a mirror and watch yourself as you react to the cards. A Twitter app for Zune has been created and is now available for download through Microsoft's Marketplace.

my web-site :: spiele spielen


Post a Comment

<< Home

Subscribe in NewsGator Online Blogroll Me! Subscribe with Bloglines Who Links Here

Email Me