CRCM - Is Care.com an Attractive Takeover Target?
Care.com (NYSE: CRCM) is a company in transition. This year finds the company battling executive departures and controversy over the steps it takes to ensure the quality of the people selling their services on the site.
Now, Bloomberg reports that Care.com has retained a consultant to review its business strategy, which could result in a possible sale of the company. After dropping from a high of $25.81 earlier this year, the stock sits as of this writing below its IPO price of $17, making a potential sale a possibility.
Despite its challenges, Care.com is a business with plenty of potential and that, plus its decreased price, could make it an alluring takeover target.