It was interesting to read a couple of things. - Why is the...

It was interesting to read a couple of things. - Why is the seller taking all cash but staying around? He isn't retiring ... Doesn't he believe the share value will go up from here? - why is the company raising 100% on the equity markets ? Is this the cheapest capital available ? If it is this would suggest that they can't believe the value the market is placing on them at present so get as much equity as you can! Remember management don't get diluted if you recall from the original merger. - acquisition makes more sense then the force one in my mind. They desperately wanted a solution to an aging fleet problem given they had no cash to pay to replace it. so buying a fleet is one way. But obviously paying a big good will premium just to buy equipment. But again equity is cheaper then debt which they would need to buy new equipment. Market is going to like the deal I think. Not a charting guy but just some fundamental observations....