The so called merger of equals has nothing but kill shareholder value. It was supposed to be be synergistic creating an extremity superpower. Shareholder value has done nothing but go backwards since the merger was announced. What does Wall St. know that we don't. I am a long term investor in WMGI but the loss of stock value is becoming scary. Any views on whether the apparent cratering will reverse itself? Is a buyout imminent. I have to believe this is not what the MM's were expecting.
Everyone on Wall St. is scared to death over the potential liability WMGI is facing from its legacly Microport metal-on-metal hips. WMGI is currently in dispute with one of its insurers. This could end up being another huge headwind for an already embattled company. Hope this helps.
Patience has cost me $10k. If I had known what a poorly run company Wright is I would never have bought shares. My fault for not doing my research. Looks like dead money for the next 3 years with considerable downside risk.
It's also how the rich and not so rich get poorer. Didn't your mama tell you never try to catch a falling knife?
