Western Canadian Coal's Cambrian Acquisition a Smart Move - Paradigm Capital [View article]
I wish this analyst is correct. I am long with this company and I have noticed that Cambrian and Western seems to have a management connection for a long time. Something that I do not feel quite confortable and I know that it sound good to diversify the buseness but why was Cambrian cash strapped? Maybe western is just giving a hand to itself since the main stock holders are the same in both companies and the Cambrian side of the buseness may not be profitable for a long time. The estimated target on the stock tell me that western may have bought a lemon. There was not any positive response from investors when the news came out and the share keeps fluctuiting as it was without Cambrian. We should not forget that nine month ago the Western share price was way over Ten dollars and until now they never had luck of buyers for their coal and at a very good price.
Western Canadian Coal's Cambrian Acquisition a Smart Move - Paradigm Capital [View article]