Around the time when someone is unloading their shares, Zucks has an "upgrade" from Neutral to Buy, with a TP of 1.25 or so.
On Friday, I wrote a nasty email to Tiago, summarizing the Hedrick failures since he took over the the presidency. I also urged that the company should find a buyer for the benefits of the stockholders, employees etc. I also indicated that Tiago was friendly, but virtually useless for any forms of information.
07 Aug 2017 18:27 - 07 Aug 2017 18:28#9786by myownhedgefund
...by Zucks I assume you mean Zack's ?
If its Zack's I find it interesting because they downgraded from BUY to HOLD on July 12 when CYTX closed at $1.17. Since then, STAR blew up and now they tout $1.25 price target ? Hey, anything possible.
Personally, I don't think CYTX is worth more than $1.00 to $1.10 in a GENEROUS buyout offer and the ONLY reason to be generous is there are multiple interested parties...otherwise just let it self implode. Don't forget a buyer also has the current debt load to contend with.
Bigger news is what was the story with today...games or someone getting out before the call ?
On that I do not know.