pheenom - i agree with you entirely that SRX is "worth" more than current trading prices. Quite a bit more.
The reason why it will not sell for more in a hurry is:
a) because management / board is not seeking out takeover offers. Generally, a business has to get out there and attract attention to itself in some way before acquirers start to think about it. This is just not Gilman's style.
b) Dr Gray's faffing around with the previous deal will have poisoned acqurier perceptions of SRX just a little. Why do all the work / make the bid unless you know EXACTLY where the good Dr stands.
Therefore, it is great buying today because the product is doing so well in the market and value is clear. BUT share price appreciation to fair value won't happen in a hurry, me thinks.
SRX Price at posting:
$3.15 Sentiment: Buy Disclosure: Held
