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Philip Mause
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My name is Phil Mause. I am a Senior Advisor with the Pacific Economics Group, focusing on energy, regulatory and valuation issues. I retired from 40 years of law practice earlier this year. I am a yield oriented investor and in the last two years, I have done reasonably well in junk bonds,... More
  • News Flash - EasyLink Acquired By OpenText For $7.25 Per Share 0 comments
    May 1, 2012 4:28 PM | about stocks: ESIC, OTEX

    At the close of the market, I saw a new report that EasyLink (NASDAQ:ESIC), which I have followed closely, has just been acquired by OpenText (NASDAQ:OTEX) for $7.25 a share. I will try to file another story when I have more details. My reaction is that this price is below the target I was hoping to hit with ESIC but, on the other hand, I am getting paid sooner than I thought.

    This is a reminder that private market value is not totally irrelevant when judging stocks and the stock market. ESIC was up 46 cents today and closed at $6.36.

    Disclosure: I am long ESIC.

    Stocks: ESIC, OTEX
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