Still Looking for a Higher Price in SkillSoft

SkillSoft PLC (Ticker: SKIL) sold off 4.88% today because they came up empty handed during the “go shop” period. The stock closed at $10.71 with a buyout price of $10.80. I got in at $11.08 so just a minor loss at this point. After the bell, the company reported top and bottom line numbers that beat analyst estimates. They’re selling this company for a give away price and there’s NO way they will get shareholder approval for a takeout price of $10.80. I’m voting NO! If the private equity group does not increase their bid, then there’s no deal. The company is turning around as the economy recovers and the stock should do well. This company is a money machine with a gross margin of ~ 90%!