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CUI OMIB and Italian government +2

19:09 14-May-18


The CFO of CUI Global has purchased three thousand shares today on the open market at $2.70. 

There have been many open market insider buys of CUI over the last year or more, and they haven't always been so well-timed.  However, it's easy to see why one might think this purchase is timely.  As already foreshadowed, MS5 and the League seem to finally be agreeing on terms to form a government in Italy.  I'd been tracking the projections the weekend progress to culminate in an announcement today, but wasn't surprised when MS5 said a few more days are needed. 

Many have cause to be concerned over how a government with populism as its only unifying principle will operate, but CUI Global is hopefully the least of them.  New governments tend to keep the utilities going, at least if they want to become middle-aged governments, as shown by AES in Indiana.  (You didn't think we were just talking about Italy with respect to populist government, did you?)  Hopefully the mechanics of that will be as CUI has envisioned, both in Europe and the North America.  I continue to think that natural gas will have a big role to play for at least another two or three decades.  That augers well for CQH, WPRT, and NYLD(A) too.