Gander Mountain: Going Private, Sending a Message
Andrew Snyder (September 28th, 2009) Writes:
I hope the federal government is paying attention. As regulations and costs increase, more companies, like Gander Mountain (NASDAQ:GMTN) are going private. It is not good news for the nation’s vital financial sector.
Could this be a sign of things to come? Earlier today, Gander Mountain (NASDAQ:GMTN) announced its two largest shareholders have made a deal to take the company private.
In an economic environment where regulations are increasing by the minute and costs are rising even faster, middle-weight companies are quickly realizing it is better business to buy their shares from the secondary market and go private.
Sure, the move is costing Gander Mountain a pretty penny – a premium of about 35% of Friday’s closing price – but the handful of investors that created the deal are certain their company will be better served without the regulations of the public market and without the ever-peering eyes
...contrarian profits, corporate travel, Executive, Federal Government, Gander Mountain;, Investing Lessons, Market Commentary, Obama administration, politician, USD


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