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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (4657)12/6/2017 12:33:09 AM
From: richardred
   of 6101
 
RE-BMS Looked it over and it's a pass for me for now. I'll look to see if it settles down. Christmas is coming up. So a hypothetical deal might not be till next year IMO. If I owned it pre-anouncement I'd hold it through.

A few thoughts
The restructuring plan is still on going. Things don't look so bright in Brazil where it has a big operations. I saw an estimate from a firm estimating a takeout price of around 65 dollars. That sounds about right, maybe lower because their still a lot of work to be done getting this company back on track. I generally don't like to step in after a SA announcement is in the works. Things did work out well with SHLM twice. This was before both SA announcements and an opportunity buy on bad earnings twice. SHLM announced SA twice. I sold out the common & calls both times on a good run up. I've seen no news that the company abandon SA. The company is still up for sale for the right price. Good luck Robert if you decide to accept the BMS challenge. The one thing that bothers me about BMS. Why didn't some Multinational go after it a long time ago. It also might be the reason why SHLM hasn't sold twice. I guess I'll have to see what premium out of the money leap calls are going for. 55 & 60 strike at the right price might get interesting.

Message 24364591
Message 26691159
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P.S. An interesting thought. A Chinese company might be interested here. Food safety

>Lian added that a few other sectors will also receive government support, even if they were not mentioned in the August guidelines. Those sectors include food safety, health care and investments that can create more employment in China. "These, although they were not specifically listed in the encouraged list, we believe also will bring benefits to China's economy and should receive support," she said.

Message 31365652

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To: robert b furman who wrote (4658)12/6/2017 12:36:06 AM
From: richardred
   of 6101
 
I've owned it 3 times in the past before.

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To: richardred who wrote (4614)12/6/2017 8:58:32 PM
From: Glenn Petersen
   of 6101
 
The acquisition of Aetna by CVS may accelerate Amazon's entry into the prescription drug business. They could easily buy Walgreens, which has a market cap of approximately $70 billion, although that would probably draw antitrust scrutiny from an already nervous Washington D.C.

As for the m drug distributors listed in that article I posted, you could probably get better results throwing a dart than trying to predict what Amazon will or will not do.

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To: richardred who wrote (4555)12/6/2017 9:46:05 PM
From: Glenn Petersen
1 Recommendation   of 6101
 
According to their website, Walter Payton Power Equipment was founded by Sweetness. I suspect that he did not ,run the company on a day-to-day basis.

A bit OT, but I have a friend who at one time was the Chief Financial Officer for Sayers Computer, which was founded by Gale Sayers. Gale actually ran the company day-to-day until he took in a partner. My friend was dating the Warehouse Manager. Dating fellow employees was frowned upon and when the Sayers Computer Christmas party rolled around I was invited as my friend's date (see my book, "My Life as a Beard"). The upshot was that I sat right next to Gale Sayers and spent the better part of an hour an a half talking to him (Football God to mere mortal). A very gracious man. A great guy, an interesting evening. No kiss at the end, unfortunately. My friend's boyfriend was a bit cool the next time I saw him.

I am not familiar with Manitex. I spent some time reviewing their SEC filings. The business is very cyclical. Boom or bust. They took a bit of a hit with their accounting "problem" in early November. It didn't sound too serious.



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To: Glenn Petersen who wrote (4662)12/7/2017 10:27:24 AM
From: richardred
   of 6101
 
OT- Neat story. One of my Football legends is Detroit Lions, Greg Landry. Who, I'm sure you know was QB coach during the Bears SB win. I though he would have been a good Lions head coach.

>I am not familiar with Manitex.

The company was formerly part of Manitowoc.

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To: richardred who wrote (4663)12/7/2017 10:41:04 AM
From: Glenn Petersen
   of 6101
 
I remember Greg Landry well. Unfortunately, he did not join the Bears coaching staff until the year after the SB win..

My friend used to periodically golf with Gale Sayers. He was a total gentleman. It is my understanding that he is in ill health. He is much beloved in Chicago.

Ah, Manitowoc. I am, familiar with them. I should have read Manitek's 10-K more closely. I was focused on the numbers.

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To: Glenn Petersen who wrote (4664)12/7/2017 10:59:37 AM
From: richardred
   of 6101
 
RE- Manitowoc You wouldn't have found it unless you went way back. :+ )

Construction equipment is a favorite topic of mine since I was a kid. Your right the sector is very cyclical. I know I've been saying for years now, but I think the sector is finally become timely.


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From: richardred12/7/2017 11:08:09 AM
   of 6101
 
Re-entered CENTERRA GOLD-CAGDF today.

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To: richardred who wrote (4665)12/11/2017 12:57:23 PM
From: robert b furman
   of 6101
 
Hi Rick.

I live about 20 miles from the Manitowoc compound in Manitowoc - as it transforms into an empty excess facility loaction.

They have announced several years ago the shuttering of the home facility - moving to a south east non union location.

Towering over the facility is now only one super huge crane - over 100 million in cost.

These cranes were designed to be able to support the entire weight of a nuclear plant cooling tower.

Sadly an innovation that was being built just before the Fukushimo nuclear accident in Japan.

Now Manitowoc is a big company, but a couple of hundred million of your working capital being frozen for years is a hurdle I'm sure.

A very good friend of mine was an apprentice for welding at Manitowoc. He learned heavy welding at LTC a trade school that Manitowoc sponsored.

His skill is in high demand and he left even before the announcement of moving came.

I check to see if those cranes tower over the skyline every time I drive by.

Just a note of how huge these cranes are - they are assembled on a pad of concrete 12 feet thick!!

Bob

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To: richardred who wrote (4659)12/11/2017 12:58:21 PM
From: richardred
   of 6101
 
RE-BMS made a very small bet today on some leap calls.

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