EOS electro optic systems holdings limited

Ann: EOS announces divestment of EM Solutions for $144m, page-29

  1. 300 Posts.
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    Hi Terrible Tadpole,

    Just because EOS has sold 'the only profitable part of the business' is not necessarily a negative.
    It all comes down to price. Everything has a price, even a profitable business. I believe they found a price that was too compelling to refuse.
    They also believe EM solutions was not aligned with their future direction. This is subjective but a sale is consistent with this vision.
    I do agree with your runway statement. What EOS does with the money is anyone's guess.

 
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