C3.ai: Acquisition Will Likely Only Offer Modest Upside (NYSE:AI)
C3.ai's ( AI ) temporarily bounced this week after rumors of a merger with Automation Anywhere emerged. It would not be surprising if C3.ai was considering it, given its ongoing struggles and recent management turnover. It is unclearRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by identifying businesses with s ...