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#	AUTHOR DATE SUBJECT
16	member 7/18/12 12:56PM RE: RE: RE: RE: Congrats . . . 15
cnm3d, I knew about this, but am I wrong in thinking this is not how they are usually described in press release? I assume that the merger agreement says that if short form fails, then will... login to read the rest view available tags
15	member 7/17/12 1:08PM RE: RE: RE: Congrats . . . 14
Under Delaware law, if you get over 90% of a tender offer the acquirer can force a "short form" merger and force the non-tendering shares to accept the terms the other 90% accepted. Without the... login to read the rest view available tags
14	member 7/17/12 12:30PM RE: RE: Congrats . . . 13
I assume that if the 90% tender is un-successful, they go to shareholder vote. The 90% tender is simply way to avoid the expenses of vote. I guess I just found their wording odd. I agree view available tags
13	member 7/17/12 12:15PM RE: Congrats . . . 11
Thank you. We are a bit frustrated with the price as you could probably have figured. Given the relatively large insider ownership (+30%) and small amount of hedge fund ownership, it would appear that the probability... login to read the rest view available tags
11	member 7/16/12 11:53AM Congrats . . .
deerwood, I know you expected higher price, but 20+% return not bad. I do not see the merger agreement yet, but why 90% tender threshold? Any chance they do not get it (hedge funds block)? Thoughts on how view available tags
10	member 3/06/12 10:38AM RE: RE: RE: RE: RE: Moving closer to a sale 9
Got it -- thanks again for the idea view available tags
9	member 3/06/12 10:12AM RE: RE: RE: RE: Moving closer to a sale 8
Woolly- Here is my bridge to the 2012 estimates: $18.4M (Q4 Sales) x 4 = $73.6M + $4M (Galveston contract) = $77.6M 18% gross margin = $14M Less $8.3M SG&A (excluding D&A and stock-based comp) 2012 EBITDA = $5.7M This assumes... login to read the rest view available tags
7	member 3/05/12 3:19PM RE: RE: Moving closer to a sale 6
Woolly- Thank you for the question. The fourth quarter was good, in-line with my expectations. The pipeline remains strong, it sounds like they are pretty aggressively pushing into Texas. I wouldn’t be surprised to see some... login to read the rest view available tags
5	member 2/21/12 9:43AM Moving closer to a sale
CONM should pretty easily be able to get $5.00 per share in a sale. http://investors.conmedinc.com/phoenix.zhtml?c=210408&p=irol-newsArticle&ID=1663039&highlight= view available tags
3	member 2/16/12 2:28PM RE: questions on sale attempts 1
Katana- Thank you for the questions. I had those same concerns as well. Seeking personal liquidity, a sale was initially proposed by Pappajohn to the rest of the board in November 2010. The board later moved... login to read the rest view available tags

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			2009	2010
Price:	3.73	EPS	$0.48	$0.54
Shares Out. (in M):	20	P/E	5.0x	4.5x
Market Cap (in $M):	74	P/FCF	2.0x	2.4x
Net Debt (in $M):	-26	EBIT	9	11
TEV (in $M):	48	TEV/EBIT	5.0x	4.5x

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