| To: E_K_S who wrote (5564) | 9/30/2019 9:52:18 AM | | From: richardred | | | | >Some of these auto supplier/parts services are selling at value prices. I believe there was a hub/wheel company that I was looking at (forget the name) but it was trading at/near multi year lows.
SUP ? - Big family interest that I remember. They moved big operations to Mexico. Telsa was a big customer that I remember.
| To: richardred who wrote (3581) | 3/7/2016 10:25:02 AM | | From: richardred | of 5564 | | | | Sold out of SUP today. A core holding. It was a nice yield for holding, but now I'll capture the stock price appreciation. |
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| To: richardred who wrote (5565) | 9/30/2019 9:58:45 AM | | From: E_K_S | | | | That may have been it. Recent acquisitions of companies in this sector may indicate that lows are in especially on those that have supply chains in US and/or Mexico. Still need Congress approval os USMCA agreement.
EKS |
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| To: E_K_S who wrote (5566) | 9/30/2019 10:12:14 AM | | From: richardred | | | | I've taken notice today. The RV sector has been strong today. RE:THO-Thor- % Gainer-Better than expected earnings and the group seems to be tagging along. PATK-PATRICK INDUSTRIES INC-WGO-WINNEBAGO INDUSTRIES INC-CWH CAMPING WORLD HOLDINGS INC.
Besides WGO-Thor recently bought into the marine group with an acctetive acquisition. From a speculative aspect. IMO this is encouraging for my recent HZO purchase.
Patrick Industries, Inc. Completes Acquisition of G.G. Schmitt & Sons, Inc.
BY PR Newswire
— 8:02 AM ET 09/30/2019
ELKHART, Ind., Sept. 30, 2019 /PRNewswire/ -- Patrick Industries, Inc. ( PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of G.G. Schmitt & Sons, Inc. ("G.G. Schmitt"), a designer and manufacturer of customized hardware and structural components, including marine towers, seats, ladders, handrails, port lights, and other metal hardware and related products, primarily for major OEMs in the marine industry. G.G. Schmitt is headquartered in Lancaster, Pennsylvania with two additional locations in Sarasota, Florida and Summerville, South Carolina. G.G. Schmitt's trailing 12-months revenue through August 2019 was approximately $20 million and the Company expects the acquisition to be immediately accretive to net income per share. |
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| To: E_K_S who wrote (5569) | 9/30/2019 10:55:18 AM | | From: richardred | | | | Besides USMCA non approval-GM strike is most likely hurting suppliers. I no longer own MEI #4 on this years SITT list. It's had a nice run up since my purchase. I still like the speculative aspects of it. It looks like their recent acquisition integration might finally be bearing fruit.
P.S.
SITT 2019-With Brief Hypothetical Takeover Reason & Fit
1. CTG- Computer Task Group Inc-Staffing M&A volume increased 28% YOY in 2017-Private Equity/ASGN?
2. VPG- Vishay Precision Group- Cree- Wolfspeed fit
3. ASYS- Amtech Systems Inc- Solar & Semi. eqp.-Oxford Instruments-KLA-Tencor?
4. MEI- Methode Electronics Inc-Supplying cars of the future.Magna Int-Fit
5. BLMN- Bloomin Brands Inc-Outback Steakhouse-Tillman's Empire build? -Private Equity
6. LWAY- Lifeway Foods- Smolyansky family cashes out ?Chobani ? With Danone ROFR
7. TAYD- Taylor Devices Inc- Mr.Taylor retires-Mageba Fit.
8. IEC- IEC Electronics- Made in USA -Electronic MFG. Services-Private Equity
9. VSH- Vishay Intertechnology Inc-Leader Mosfets-Acquisition lull-A Texas Instruments Fit?
10. ASV- ASV Holdings Inc- Infrastructure pure play-shovel ready-Kobota/CAT fit-- Bullseye-Yanmar Buyout |
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| From: E_K_S | 10/1/2019 10:29:24 AM | | | | | | Upland +7% on InGenius acquisition, guidance update
Oct. 1, 2019 10:21 AM ET|
Upland Software (NASDAQ: UPLD) is paying $26.4M in cash to acquire the Computer Telephony Integration provider for enterprise contact centers.
The deal also comes with a $3M cash holdback payable in 12 months.
UPLD updates its 2019 forecast to revenue of $213.8-217.8M and adjusted EBITDA of $78.8-80.8M.
The deal is expected to add about $9M in annualized revenue and add immediately to the adjusted EBITDA per share.
Upland shares are up 6.9% to $37.26.
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InGenius provides a "Linked-In" type services. This software Buy could be one of the platforms they use . . Interesting as price not that much to bolt-on the new service to their Enterprise Customers |
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| To: E_K_S who wrote (5409) | 10/1/2019 11:05:12 AM | | From: richardred | | | | RE: Maybe the food depression is over and we have seen the lows
McCormick On Pace for Largest Percent Increase In Over a Year -- Data Talk
BY Dow Jones & Company, Inc.
— 10:46 AM ET 10/01/2019
McCormick & Company, Incorporated (MKC) is currently at $163.87, up $7.57 or 4.84% |
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