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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.400-2.2%Jan 18 4:00 PM EST

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To: robert b furman who wrote (4820)3/21/2018 10:54:12 AM
From: richardred  Read Replies (1) of 6147
 
Hey Bob:
I guess I'm going big with Brand Names or staying home. <g>

Guess what Bob your not the first person to mention that company on this board. I had this one on the watch list for awhile. Should of could of. Sigh!

From: morokko655/27/2005 11:02:18 PM

Read Replies (3) of 4821
ARMF: a small microcap food company

This is a small Italian food co in San Francisco area. The CEO was formerly affliated with McCormick Shilling in the 1970s. He is 76 or 78 year old. The company has been public since 1990 and has a relatively small float. They are flush w/ cash & have no debt. They pay a 7% dividend.

The downside is: illiquid stock, low revenue growth, boring industry sector, low visibility. The Family owns most of the shares.

I have been long for many years and have felt that a takeover of some sort would eventually happen.

so far this year, they intended to take the co to the pinks due to the high cost of Sarbannes Oxley compliance. That was abruptly reversed.

2 mutual funds took a small stake in 2005, which has been rare over the years

a director bought a nice chunk last week

the CEO indicated that they were investigating "strategic alternatives to being a public company" in a recent news release.

The annual shareholder meeting ( a regular event in the last 11-12 years) did not happen, with no comment from the co.

My worry is that they go private at only a small premium, but they could be bought by PSTA in nearby Monterey

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