deanobaggio1 Nov 2012 11:50
I have been watching CHG since the bid rumours arose. It is hard to say what will happen next, it would have been better if this profit warning came at the same time as the CEO's departure, now we are all wondering what else is lurking in the background. The really bad news is the technical problem that the company can't see being fixed soon, nobody wants to buy a product that doesn't work. Until that issue is resolved I would not invest, the takeover parties have it in their interest to delay their hand, the price is likely to drift lower and if they still want it they can get it even cheaper. All just my opinion of course so good luck if you are tempted to buy, you may always be right.