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   Strategies & Market TrendsSpeculating in Takeover Targets

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To: richardred who wrote (6004)10/28/2020 11:04:16 PM
From: Robert O
2 Recommendations   of 6088
Marvell Nears Deal to Acquire Inphi for $10 Billion

Liana Baker and Ian King
Bloomberg•October 28, 2020

(Bloomberg) -- Marvell Technology Group Ltd. is nearing a deal to acquire Inphi Corp. for about $10 billion, according to a person familiar with the matter, adding to an already record year for chip industry deals.Marvell will pay 60% of the acquisition in stock, with the rest in cash, the person said. An announcement could come as soon as Thursday, said the person, who asked not to be identified as the information is private.

Dow Jones reported the acquisition earlier Wednesday. A representative for Inphi declined to comment, while a representative for Marvell didn’t immediately respond to a request for comment.Inphi is a maker of chips that act as the interface in gear that helps speed the flow of big chunks of information between computers and networks. Data center silicon is becoming increasing important as cloud providers are finding themselves swamped in data and look at even the most basic components to try to make their giant warehouses full of expensive equipment more efficient.

The purchase of Inphi adds to an already bumper year of announced transactions including Advanced Micro Devices Inc.’s $35 billion takeover of Xilinx Inc., Nividia Corp.’s $40-billion purchase of Arm Ltd. and Analog Devices Inc. agreement to acquire Maxim Integrated Products Inc. for $20.9 billion.Inphi counts Microsoft Corp. and Cisco Systems Inc. among its biggest customers, according to Bloomberg Supply Chain Analysis.Inphi stock has rallied 50% this year, even as it’s tried to overcome the loss of another large user of its chips, China’s Huawei Technologies Co. which has been cut off from U.S. suppliers by regulatory action. The company is on course to register an increase in revenue of almost 90% this year according to analysts’ estimates.

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To: richardred who wrote (5856)10/29/2020 9:45:13 AM
From: richardred
   of 6088
Bought back into MYE at the open this morning. Big beat on earnings

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From: richardred10/30/2020 12:01:27 PM
   of 6088
Currently, given the most sizable liquid position I've ever been in my 35 years . Adding to ENZ today @ 1.85

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To: E_K_S who wrote (6002)11/2/2020 9:02:29 AM
From: E_K_S
   of 6088
[url=]Land O'Lakes Profit Surges 22% In Q3 As Consumers Cooking-At-Home Spur Butter Boon[/url]

Butter sales at dairy companies like Land O'Lakes have been off the charts as a result of consumers cooking at home more often, according to Bloomberg. Land O'Lakes, for example, says butter sales will rise 20% to between 275 million and 300 million pounds in 2020.
Additionally, the company's Purina division, which makes animal feed for animals like horses and rabbits, also saw sales increase thanks to an 80% rise in backyard flocks.
Some interesting trends

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To: richardred who wrote (6004)11/2/2020 10:25:19 AM
From: richardred
   of 6088
Clearlake Capital to Buy Endurance International in Deal Valued at $3B
BY Dow Jones & Company, Inc.
— 7:53 AM ET 11/02/2020

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To: E_K_S who wrote (6008)11/2/2020 1:15:29 PM
From: richardred
   of 6088
I don't own SFM SPROUTS FARMERS MARKET any more, but it seem overly punished for it latest reported earnings IMO. I think the analyst have read to much into slowing of growth moving forward. Once this pandemic is on it's way out. I still think SFM could be a potential low hanging fruit. (PUN INTENDED)

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To: richardred who wrote (6010)11/2/2020 2:07:32 PM
From: robert b furman
   of 6088
Hi Rick,

Kirk Lindstrom loves buying food there.

Not sure he has a position.


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To: richardred who wrote (6010)11/2/2020 2:25:48 PM
From: E_K_S
   of 6088
Lots of people who shop there like it (I still find expensive) but less than Whole Foods. Produce is quite good and fresh but focus on sale stuff then some good deals. I believe UNFI stocks some of the items there.

FWIW a small add to UNFI at $14.45/share today...foward PE at 5

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To: richardred who wrote (6010)11/3/2020 3:31:27 AM
From: Labrador
   of 6088
I agree with you Richard. Just bought some in the high $18s. Will give it a chance. They're opening up a fair amount of new locations.

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To: richardred who wrote (5993)11/3/2020 11:41:59 AM
From: richardred
   of 6088
The story continues with AGS. There still trying to put the company in play. IMO- If they are serious. They would line up the financing to follow through, and continue with a formal bid to shareholders.

Wax Asset Management and AGS Send Letter to Computer Task Group, Inc. Regarding Value Enhancement Potential
BY PR Newswire
— 10:58 AM ET 11/03/2020

GREENWICH, Conn., Nov. 3, 2020 /PRNewswire/ -- Wax Asset Management ("WAM") and Assurance
Attn: Daniel Sullivan, Chairman Dear Members of the Board of Directors:

As shareholders of 6.4% of CTG's common stock, we are writing again as a follow up to our October 19, 2020 letter to the Board. We have not received a response, nor have we seen any insider share purchases or a change in the Board's excessive pay practices. Instead, the Company boasts of its performance in its third quarter release, ignoring CTG's lagging metrics versus its peers. CTG is wasting a rare opportunity for significant value creation.

CTG needs to accelerate its transformation to close the gap with its peer group. For years, the Company has attributed its weak staffing revenue performance to a transition away from low margin work and offers no evidence that its managed services provider strategy is working. Additionally, solutions' organic revenue growth appears anemic versus more digitally-focused competitors, since its Q3 increase of $2.2 million or 6.5%, is likely attributable to currency translation and the acquisition of Stardust in early 2020.

CTG's weak margins offer substantial potential opportunity. We were shocked that CTG's recently-disclosed solutions margins lag industry averages by such a substantial amount, particularly after the Company spent $32 million on "strategic" acquisitions in the 2018-2020 period.

Since 2015, the Company has told shareholders it can improve overall margins through a turnaround in its US businesses. Yet, after five years and three CEOs, Company margins significantly lag its peers. The Company points to its ten-year European transformation as evidence that its US turnaround plan will work. However, this view ignores the fact that the European transformation required $32 million of acquisitions, only increasing operating margins a paltry 1.6% and that the US conglomerate of businesses is radically different than the European business.

A reconstituted Board is necessary to direct the creation of a value enhancement plan to add a minimum of 3% to EBITDA margins (>$10 million) within the next two years. The underperforming conglomerate of US staffing and solutions businesses must be strategically addressed. Digital transformation offerings and operating processes require a re-examination to reduce cost structure and improve client delivery. Capital allocation strategies should be prepared so that shareholder returns can be further amplified by deploying capital on selective, high ROIC acquisitions and repurchases when shares trade below their intrinsic value.

The Company is at a critical point as it is facing a rapidly evolving marketplace as well as shareholder discontent. We look forward to seeing immediate action by the Board regarding these matters.


/s/ Evan Wax

/s/ James Lindstrom

Evan Wax

James Lindstrom

Wax Asset Management

Assurance Global Services LLC


About AGS and WAM

AGS is a value-oriented, operations-focused private and public investment firm.

WAM is an investment advisory firm that engages in the acquisition and disposition of investments.

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SOURCE Assurance Global Services LLC

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