Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
After leaving the AMSC AGM in July, a couple of us shareholders were talking in the parking lot - and realized that we each hadn't asked the same question: Why was the shareholders' rights plan cancelled, without explanation, in June? The sole announcement from the company in the June press release was a single statement:

American Superconductor's Board of Directors voted on June 20, 2006 to terminate the company's shareholder rights plan (also known as a poison pill) effective as of June 30, 2006.

That was it. Intentionally uninformative.

Now that it is clear, to me, that anything remotely resembling success with 2g will lead to a demand that the company, by itself, can't possibly meet; the very real concern to me is that the company will be acquired for a relative song by one of The Big Guys. I haven't taken a chance on this hi-tech, hi-risk, game-changing - but still unprofitable - company, just to see it bought out between $10 and $15 or something.

Anyone else have an opinion?

jp
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.