I think TPI would love to take out TOX but it isn't going to...

I think TPI would love to take out TOX but it isn't going to happen, not in the short term anyway. The market does not like companies with high debt levels and TPI is currently carrying more debt than I would like to see. Any acquisitions would have to be on a low P/E going forward and be done on a straight share swap with no cash/debt involved.

TOX is an excellent emerging company which if it gets back to $1.20 levels will be great buying. Like it or not, in the current market it is still fully priced.