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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 8.040-4.9%Jun 24 3:59 PM EDT

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To: richardred who wrote (3447)1/31/2014 12:21:15 PM
From: richardred   of 7181
 
RE- GFF - Earnings were out yesterday. About in line I'd say. Still holding onto some shares. I'm beginning to think this might be the year the company jettisons the defense and plastics division. A better chance to sell to willing buyers at an attractive price IMO. Both divisions would be better suited to bigger players. The company still wants to grow by niche acquisitions. IMO,To much long term debt for that. I still think they over paid for Ames True Temper. However, I think they did a nice job building onto the business and growing it. Clopay is a mainstays leader and already has been restructured. I think they with build on Ames. Paying closer attention for a possible add due to a possible catalyst mentioned.

P.S. To bad Huffy sold Ames/TT. Huffy/my biggest all time investment mistake.
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