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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: robert b furman who wrote (5605)10/30/2019 12:45:38 PM
From: richardred
   of 6150
 
Good input Bob, right from someone that knows the business with heart & soul. I was thinking Tariffs, but failed to mention it. I agree on the antitrust point. Last Truck I owned brand new . A Mazda extended cab light truck. Which If I remember right, was a Ford JV. Makes me think of The Chicken Tax of a 25 percent tariff on light trucks. BTW- I've never owned stock in a car company in all my investing years. I preferred tow trucks I guess. Miller - MLR which I no longer own. I came close to buying heavy truck co. PCAR-Paccar before.

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From: richardred10/30/2019 1:34:26 PM
1 Recommendation   of 6150
 
Anixter's stock soars after deal to be bought out by CD&R for $3.8 billion, including debt

Shares of Anixter International Inc. AXE, +15.53% soared 14% in premarket trading Wednesday, after the network security and electrical solutions company said it has agreed to be bought by an affiliate of private equity firm Clayton, Dubilier & Rice (CD&R) in a cash deal valued at $3.8 billion, including debt. Under terms of the deal, CD&R will pay $81 for each Anixter share outstanding, which is a 13% premium to Tuesday's closing price of $71.40, and implies a market capitalization of about $2.7 billion. The deal includes a go-shop period, in which Anixter can solicit other buyout bids through Dec. 9, and a break-up fee of $45 million. Separately, Anixter reported third-quarter net income that rose 25% from a year ago to $59.3 million, or $1.73 a share, while adjusted earnings per share of $1.92 beat the FactSet consensus of $1.65. Sales increased 2% to $2.22 billion, just shy of the FactSet consensus of $2.24 billion. Anixter's stock has rallied 31.5% year to date through Tuesday, while the S&P 500 SPX, -0.10% has climbed 21.1%.

marketwatch.com

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To: richardred who wrote (5606)10/30/2019 5:13:42 PM
From: robert b furman
1 Recommendation   of 6150
 
Hi Rick,

Paccar is a very solid company - OLD MONEY.

I gained my opportunity to buy into a Chevy dealership, because my partner was a Kenworth and Mack truck dealership owner. He and his partner have most of the Kenworth franchises for the lower half of Texas.

It is a very solid service oriented franchise.

In the USA all kenworth stores are owned by less than 90 very well healed dealer operators. Then there is Peterbuilt, of which the Rush organization is huge.

A great, well capitalized American business, that also exports to the world - especially in the oil patch.

His Houston store ships big trucks globally.

Made the Chevy store I bought into look like a low margin business - but it was my opportunity of a lifetime.

Bob

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To: robert b furman who wrote (5608)10/31/2019 12:07:07 AM
From: richardred
   of 6150
 
Speaking of trucks. I've been a long time watcher of OSK -OSHKOSH CORPORATION- Nice earning just reported.

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To: richardred who wrote (5469)10/31/2019 12:27:41 AM
From: richardred
   of 6150
 
Sold out of a old SITT pick and another top 5 position-ASTE- Astec Industries yesterday. I was a little disappointed in the CC and prospects seem dismal for now. The stock initially sunk on the earnings news then recovered smartly. Took the rebound opportunity to cash out. If it gets back into the 26 range where I bought my largest chunk. I'll get interested again. I still like the speculative appeal. The new CEO visited all operations. It seemed to me he was sizing things up for evaluation.

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To: richardred who wrote (5609)10/31/2019 9:04:31 AM
From: robert b furman
   of 6150
 
HI Rick,

Osh Kosh Truck is 45 minute drive from here in Wisconsin.

Some awesome combat trucks and cement trucks.

Some of my sturgeon spearing buddies work there, good paying jobs.

Bob

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From: Fuzzy10/31/2019 10:58:39 AM
2 Recommendations   of 6150
 
Macquarie Infrastructure Corporation Announces Intention To Pursue Strategic Alternatives
7:54 am ET October 31, 2019 (Benzinga) Print
Macquarie Infrastructure Corporation (NYSE:MIC) today announced its intention to actively pursue strategic alternatives including a sale of the Company or its operating businesses as a means of unlocking value for shareholders.

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To: richardred who wrote (5610)10/31/2019 1:16:38 PM
From: richardred
1 Recommendation   of 6150
 
Sold out of another top 5 position this morning >20.30 on the good earnings report. Moderate profit -SFM -SPROUTS FMRS MK. Interested in getting back into this company if conditions present themselves. From the tweet below seems like Sprouts would fill a gap area for Walmart.

P.S.


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To: richardred who wrote (5601)11/1/2019 9:24:10 AM
From: richardred
1 Recommendation   of 6150
 
Google to acquire Fitbit, valuing the smartwatch maker at about $2.1 billion
Published 20 min agoUpdated Moments Ago

Lauren Feiner @lauren_feiner







Key Points

  • Google parent company Alphabet will buy Fitbit, according to an announcement Friday.
  • The acquisition pits Alphabet against fellow tech giant Apple in the wearable fitness tracking space.
  • Google is paying $7.35 per share in cash for Fitbit, valuing the company at about $2.1 billion.

cnbc.com

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From: E_K_S11/1/2019 9:49:22 AM
   of 6150
 
B&G Foods -3% after light profit
Oct. 31, 2019 4:19 PM ET|About: B&G Foods, Inc. (BGS)|By: Clark Schultz, SA News Editor

B&G Foods (NYSE: BGS) trades lower after a Q3 profit miss during a quarter in which revenue decreased 3.9%.

Adjusted EBITDA fell 6.1% to $86M during the quarter vs. $85M consensus.

Adjusted gross profit was 28.0% of sales.

Looking ahead, B&G expects full-year sales range to fall in a range of $1.665B to $1.70B vs. $1.66B consensus and EPS of $1.65 to $1.80 vs. $1.82 consensus. Adjusted EBITDA of $295M to $310M is anticipated vs. $307M consensus.

BGS -2.89% AH to $15.10.

-------------------------------------------------

Still huge short interest 41%. CEO confirmed div and a path for growing earnings. They are doing stock buy back (would like debt pay down more). Current yield 12%.

Good conference call on they plan for Green Giant specialty dish products

Held my nose and add a few more at $14.50/share. xdiv 12/30 for $0.47/share

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