|Taking profits today in recent profitable oil holdings on the oil rebound. Redeploying into two off the watch list. TAST- CARROLS RESTAURANT GROUP -- ATRO-ASTRONICS CORP|
IMO- ATRO fits a little niche for Boeing or Harris. It's been on my watch list awhile. Almost jumped in earlier, but the dreaded accounting issues pop it's ugly head. Hoping that issue has been solved, and passed on now. A 700 billion defense budget bill passed. IMO good speculative appeal now because of Boeing actively looking. IMO HRS is fully valued at current price. However IMO a big Takeout bid for HRS by Boeing itself, can't be ruled out. Some of the more recent big Defense acquisitions have yielded small premiums. HRS took on a big acquisition in Exelis Inc. It sold off a couple of business to help pay down some of the big debt it took on. Maybe it's ready for something smaller? This in-light of my theory. This by being a fully valued Market cap company. In HRS's business plans. It's better off to enhance LT shareholders value by buying a complimentary company now. This because of a current Defense lag with improving prospects moving forward. Plus the completed integration improving on it's synergistic savings and combined forward earnings power.
Carrols - Gets a downgrade today and I'm in. I remember this company growing up around me before there's were McDonalds around here.