If anything this should push HGO higher rather than ITT. HGO has an identified resource, all the ticks and flicks to make it happen and the cash.
HGO has a stake in ITT (which apparently is undervalued). HGO holders should be very happy they are winners no matter what the outcome.
IMO selling seems to make sense to cut out the duplication, but flame me if you like.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ biased towards HGO ITT AXE FMS AGO and cant believe im saying this TAS (as a holding company only)
ITT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
