MTLM.A European company that grows via acquisitions has taken a position, AND they loaned former CEO over 1 million to buy stock. The company also stated that it may purchase MTLM.Looking through Edgar, I see that previously, another company has taken a stake in MTLM.Possible bidding war?
I would sell MTLM now. It has gone from $15 to $40. I doubt a buyout would give much more of a premium, and with scrap prices as high as they are, I question whether or not they are sustainable.On to the next find...looking at SDAY and WRP.....both mentioned in Barrons as having a third party company taking a stake (and the SDAY CEO said consolidation is likely in his market....).
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