Thanks
There has been no other news other than the initial release May 19. Sumanic owns 78% and wants to sell. The company has been profitable for at least 10 years and generates decent cash flow. With a small float it has just been ignored in the market. No analysts cover it. We think its operations are well-managed, and its contractual revenue and somewhat unique positioning should attract some buyers. We think some can be held to see what happens, but we might reduce a large weighting as a conservative move. Up 45% YTD, it is now at 15X earnings. A takeover might go as high as 20X earnings, or a bit higher, but we would like to take a little bit off the table here.