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Further NGPS analysis: Reference "The 4.8 mil shares of NGPS owned by CMC (former name Candian Marconi Company)was purchased at 1998 for $10.91/shr. At $48, that's a profit of $180 mil within 7 years (CMC's parent company only worth about $35 mil). No wonder they want to sell this at near $50 in a hurry.
"I figured CMC was not a big patatao for sure. Even its parent company ONCAP is only worth a little over $300 mil. With the cash they get from this NGPSgy bank ($over 200 mil), they'll be the richest kids in town lol.
CMC Electronics is a private company controlled by an investor group led by ONCAP L.P. ONCAP is a CDN $400 million investment fund established by Onex Corporation and a number of leading Canadian financial institutions. "
Let's see when CMC will file the 800K. But maybe they won't sell it. If I were them, better hold some profitable company's stocks in the portfolio, their purchase price is around 10-11, current price is not very lucrative to them. I get in in order to miss the jump soon.
they'll probably hold for now. It used to be a profit of $37, now it's $5.5. And they know darn well who caused the drop.
CMC also doing the GPS products. Actually CMC and NGPS are competitors (or partners). Why CMC holding so many shares of NGPS shares. My explain is that CMC knows very well that NGPS's technology is leading and very profitable. From another view, CMC's sell off can make its competitor's stock (firm value) tank so much makes no sense to me. Maybe CMC is ill will to punch their competitor or maybe they just wanna take profit. Anyway, from financial perspective, NGPS's stock drop like this is totally oversold.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision!
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