SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsSpeculating in Takeover Targets


Previous 10 Next 10 
From: richardred10/30/2020 12:01:27 PM
   of 6087
 
Currently, given the most sizable liquid position I've ever been in my 35 years . Adding to ENZ today @ 1.85

Share RecommendKeepReplyMark as Last Read


To: E_K_S who wrote (6002)11/2/2020 9:02:29 AM
From: E_K_S
   of 6087
 
[url=https://bit.ly/2JtWe2p]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

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: richardred who wrote (6004)11/2/2020 10:25:19 AM
From: richardred
   of 6087
 
Clearlake Capital to Buy Endurance International in Deal Valued at $3B
BY Dow Jones & Company, Inc.
— 7:53 AM ET 11/02/2020

Share RecommendKeepReplyMark as Last Read


To: E_K_S who wrote (6008)11/2/2020 1:15:29 PM
From: richardred
   of 6087
 
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)

Share RecommendKeepReplyMark as Last ReadRead Replies (4)


To: richardred who wrote (6010)11/2/2020 2:07:32 PM
From: robert b furman
   of 6087
 
Hi Rick,

Kirk Lindstrom loves buying food there.

Not sure he has a position.

Bob

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (6010)11/2/2020 2:25:48 PM
From: E_K_S
   of 6087
 
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

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (6010)11/3/2020 3:31:27 AM
From: Labrador
   of 6087
 
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.

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (5993)11/3/2020 11:41:59 AM
From: richardred
   of 6087
 
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.

Sincerely,


/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.



View original content to download multimedia:http://www.prnewswire.com/news-releases/wax-asset-management-and-ags-send-letter-to-computer-task-group-inc-regarding-value-enhancement-potential-301165839.html

SOURCE Assurance Global Services LLC




Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (6010)11/3/2020 1:45:05 PM
From: E_K_S
   of 6087
 
SFM - Sprouts Farmers Market +6.13% w/ MKM Partner upgrade PT to $37 from $39. Maintains Buy Rating

Had not looked at this one in a long time last$19.725/share +6.11%

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (5785)11/6/2020 1:23:08 PM
From: richardred
   of 6087
 
CTG- Speculation

Older snip
>BUFFALO, N.Y., Jan. 14, 2020 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of information technology (IT) solutions and services in North America and Western Europe, today confirmed that it has received a new unsolicited proposal from Assurance Global Services LLC (AGS) to acquire the Company for $7.00 per share in cash.

CTG keeps delivering on earnings, but very little in stock price appreciation for it. IMO AGS needs to put up the financing to carry through with their previous proposal or shut up. Something fishy seems to be going through with the bigger block trades of late. It will be interesting to see if a 13d gets filed after that 70,000 shares block & 20,000 share block.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10