Blackboard Shares Popped: What You Need to Know (BBBB.DL)

Blackboard Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Blackboard (Nasdaq: BBBB ) popped 35% in intraday trading today after the company issued a press release that stoked takeover hopes.

So what: Blackboard announced it has received "unsolicited, non-binding proposals to acquire the company." It did not name the bidders and has retained Barclays Capital as its financial advisor.

Now what: Blackboard is evaluating the acquisition offers as well as other strategic alternatives and continuing with its current plans on a stand-alone basis. With revenue of $447 million and sales expense running 41% of revenue, a strategic acquirer with a large distribution platform could potentially boost revenue and margins. EPS has declined from the year-ago quarter for two consecutive quarters and is forecast to do the same for the next two quarters, tarnishing the appeal of continuing to go it alone.

Interested in more info on Blackboard? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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