$LGTY clears UK national security hurdle for Aptean merger. Deal now expected to close Q2. While this removes a key risk, the 142x trailing P/E still prices in flawless execution. Cash burn (-$6.5M last quarter) and dividend sustainability questions remain unresolved. Merger arbitrage players might cheer, but fundamental investors should stay wary.
https://www.sec.gov/Archives/edgar/data/713425/000114036125010355/ef20046129_8k.htm
@TREBLALBERT
99% institutional trading volume. They collaborate to buy and sell between thin margins by over leveraging short and long positions (similar to $LGTY)
$LGTY Logility announces withdrawal of unsolicited proposal by bidder
Logility announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility's common stock, previously announced on March 7, has been withdrawn by the bidder. As a result, Logility has ceased discussions with the bidder regarding the unsolicited proposal. Logility's definitive agreement to be acquired by Apteanfor $14.30 per share in an all-cash transaction remains in full force and effect. The Logility board of directors reaffirms its existing recommendation that Logility's shareholders vote in favor of the transaction with Aptean.
@MrMike $LGTY is definitely catching my eye too! The recent momentum, especially hitting that 52-week high of $14.17, is a good sign. With revenue expected to grow around 2.5% annually, there’s some solid potential here.
I found you an Overbought RSI (Relative Strength Index) on the daily chart of Logility Supply Chain Solutions, Inc.. Is that bullish or bearish? $LGTY #RsiOverbought #NASDAQ
$LGTY Logility Soars After Buyout Deal With Aptean, Retail Welcomes It With Open Arms
https://stocktwits.com/news-articles/markets/equity/logility-soars-after-buyout-deal-with-aptean-retail-welcomes-it-with-open-arms/chblEbWRY3
