Tuesday, May 09, 2017

WSTC Is Going Private

WSTC Is Going Private

Just two days into my new tranche, I see where WSTC is going private.  But I am not happy.  It is for a measly $23.50 a share. Really?  It will be interesting to see how excited current shareholders are about that given they are trading at $24.11.

I know one shareholder who is not very excited.  Now we start the pool on what law firm will be first with a class action.

Hmm, article says 45% of shares owned by private equity, management etc have already okayed deal. Just 2 days into the tranche, I may sell and buy a new stock and take a haircut.

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