Is FLIR SYSTEMS buying AXSYS Technologies?
I know nothing about what a "Convertible Note" is. I know absolutely nothing.
But... If I am correct that FLIR just went and sold some NOTES for over $90 million... I mean that's a lot of Cashola... What for??? FLIR's Balance sheet is already floating in Cash Flow compared to the company's super tiny LT Debt ratio.
So.... If it is seriously shoring up truck loads of Cash. It has to be gearing up to do something with that cash right?
And is it such a coincidence that an Optical Imaging, Defense Stock, Competitor AXSYS Tech. has recently announced that it wants to sell itself for a fair price?
Put 2 and 2 together and as a speculator... I think FLIR is buying AXSYS for a very tasty, shareholder friendly, price.. Well.. Shareholder friendly for AXSYS. I fear what this purchase (short-term) will do to FLIR's share price. The buyer seems to always take a massive hit short-term for a long term gain.
Luckilly... I'm a long term Motley Fool investor and not a short-term get your jollies in a day stock trader. I went and upped my Share Count in FLIR Systems today over this AXSYS news and other things.
I think I did the right thing...