Thursday, April 25, 2013

BMC Software Once Again

I’m back in with a small position in BMC Software, Inc. (Ticker: BMC) @ $45.40. I got shaken out during yesterday’s sell off. I had a chance to further evaluate and realized I made a mistake by selling a bit early. I’m not going in big with this one as I lack a strong conviction unlike Life Technologies where I had a good position. There is definitely a lot of pressure on the board to sell the company.

5 Comments:

At April 25, 2013, Anonymous Anonymous said...

MT,

Just to clarify the BMC board is scheduled to meet today Thursday 4/25/13 to discuss the offers. I did not list a date on the text I copied and pasted in my earlier comment so I hope it did not misled. The text was created on 4/23/13.

Good luck to us both here.

Regards,

inforesource7

 
At April 25, 2013, Blogger Money Turtle said...

Yes, I am aware that the board is meeting today to review the bids. The company is hoping to announce their decision by May 7th.

 
At April 25, 2013, Anonymous Anonymous said...

MT,

What is the source for your May 7th announcement date? The next earnings report is scheduled for 5/07/13 after market. Between you and I, we know there will be price offer (or price range) leaks which will provide a good clue on whether the board will accept and agree to go private or not.

Regards,

inforesource7

 
At April 25, 2013, Blogger Money Turtle said...

From Bloomberg: "...BMC’s board will meet tomorrow to review the bids and may make a decision on the sale by May 7, when its earnings are due, one of the people said..."

Here's the link:
http://www.bloomberg.com/news/2013-04-23/bmc-said-to-get-separate-bids-from-kkr-and-bain-buyout-groups.html

It looks like one of the PE teams offered ~ $48. I think that's a compelling price.

 
At April 25, 2013, Anonymous Anonymous said...

MT,

Thanks. Bloomberg likes to update previous articles but is not very good at re-sending them out. One has to observe the date and time for the latest update even though the title never changes. I am glad you caught this and to read at least one group offered around $48.


Regards,

inforesource7

 

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