BURTON MAGIC

CVO

I am low-balling some CVO this morning. As usual, I come to the party late due to my procrastination as I could have bought it at $6.0. On the other hand, Burton (BO) continues to buy this in the opening market at about $7.7 as recently as late May. I have a hard time to see where this is going other than a buyout, either by Burton, or by a third party as all signs seem to move towards this direction:

Large benificial ownership - checked
Insider buying - checked (double play)
Poison bill - checked
Seek alternative to maximize value - checked
Investment banker & legal counsel hire - checked
Acrimoniol relationship (Management & BO) - checked
Spilled out in public - checked
Breakout trading chart - checked
Special shareholders meeting called

The only issue is how much would it be sold. There is a lot of noises about $12 range, which will still make this a very profitable trade (order not filled).