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KHD (Toronto)


Hawks
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Is anyone on this board following or has invested in Canadian Hydro Developers?  Transalta has made a takeover offer at $4.55.  KHD management is telling shareholders to reject this hostile,  low-ball offer, and is soliciting offers from a "white knight". I have heard that some analysts think the value in this business is more like $6-7.00.

 

Huge volume today, and yesterday which may indicate that another company is accumulating shares for a counter-bid.

 

I've owned KHD for sometime and believe management is correct is saying the current takeover price underestimates the KHD future revenues and profits.

 

Would like other opinions from members if you are knowlegeable of KHD.

 

 

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