While a NBIO, the price being thrown around by COG warrants serious consideration. COG is not some tyre kicking private equity player. At the very least the DVR board should be using it as leverage to get a better deal out of CUP.
COG is also offering a significantly higher cash component than CUP. And when I review CUP's performance in recent years I am not excited by their scrip. So the COG offer would give me less exposure to flaky business models given the higher cash component...
DVR Price at posting:
$1.17 Sentiment: None Disclosure: Held