by gokeefe
There are times when I simply don't understand PARs motive power strategies. They always seem to be operating as if they are cash poor but anecdotal evidence and other information seems to suggest otherwise. If I were to evaluate their intentions starting from 0 I would say they're holding out for the right offer from a Class I interested in acquisition. I dare say they would be looking for something well north of $500 million and perhaps closer to $1-2 billion.
gokeefe