tried to pick up xip at what i though was a relative bargain in...

tried to pick up xip at what i though was a relative bargain in the mid 2s
but had to sell out recently at 2.10 because im not seeeing any sign of momentum and the dilution is an issue, the synergies may take time, the ip industry is facing broader pricing headwinds which may compress margins and drive down earnings, and the future escrow releases next year from the massive acquisition may put downward pressure on prices as has happened in iph.
the synergies are always promised with large m&a, but often take longer than promised to flow through to eps, and this can lead to market disappointments and brutal market reactions eg vocus.
i will sit on the sidelines for now as i dont see much in the way of a positive catalyst for next 1-2months and wait for the fy17 result to see if there is evidence of delivering on targets