4Mon·

Buying with little risk?!

$GXI (+2.86%) has now found its way into my portfolio. I am clearly speculating on a takeover and an offer in the next 6-8 weeks. W. Pincus has been involved for some time now and has brought KSP on board so that an adequate offer can be made. I think after the third revision of the results the board is also under a lot of pressure and I don't see any anchor investor who would oppose any offer in the EUR 70 range, what do you think?

If the offer doesn't come, I would be out again quickly, but I wouldn't expect a huge sell-off. The confidence in the management is gone, but the valuation level is also very low. Please let me know your opinion.

vg Micha

8 Comments

Chris@Multibagger

4Mon

But do you really believe that someone would pay a 50% premium for such a run-down company in ruins?

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Michey777@Michey777

4Mon

@Multibagger I think so. The company itself certainly has prospects and absolutely has a right to exist. It's just stupid when you have such a management :/

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Konstantin@Konstantin85

1Wk

@Multibagger What do you mean by a company in ruins? Yes, demand has collapsed in various areas such as cosmetics, but that is by no means a company in ruins per se.

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Chris@Multibagger

1Wk

@Konstantin85 So far, every interested party has backed out after a more intensive examination. Targets and results are missed - permanently - and forecasts are always revised downwards. As a result, key figures are never seriously comparable.

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Konstantin@Konstantin85

1Wk

@Multibagger definitely. New CFO is on board, stable analyst consensus. Those would be the positive points in the dilemma. The risk is massive, but I threw in 70 shares earlier 😅

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Chris@Multibagger

1Wk

@Konstantin85 As the saying goes: your choice, your risk😉 or, as I always say, no risk, no fun.

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Konstantin@Konstantin85

1Wk

@Multibagger 💯

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Michey777@Michey777

1Wk

Debt far too high in relation to earnings. That can't be good for shareholders.

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