MAGNA acquisition news

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Hi – Any early thoughts on the Magna news this morning and why it’s negatively impacted the price at the open?

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Asked on July 23, 2021 8:28 am
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Private answer

The deal is expected to cause some short term dilution, and it was also deemed as somewhat of an expensive acquisition. Going to look into it more over the course of the weekend.

Long term? The deal is likely going to work out very well for the company. We will be speaking about the situation and acquisition more in depth in this weekends Sunday e-mail (which we will also post on the website here now) so keep your eyes on for it on Sunday!

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Posted by Dan Kent
Answered on July 23, 2021 2:54 pm