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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (6056)7/28/2021 4:11:27 PM
From: richardred
   of 6100
 
Put some JVA proceeds into HLX before the close.

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To: richardred who wrote (6057)7/29/2021 12:03:42 PM
From: richardred
   of 6100
 
Sold out of JVA at a nice profit.

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To: richardred who wrote (6057)7/30/2021 1:23:38 PM
From: richardred
   of 6100
 
added to HLX today.

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From: richardred8/2/2021 12:19:52 PM
   of 6100
 
New Buy- AFI-ARMSTRONG FLOORING- Big disappointment in the latest earnings. Basically the same old same of other companies experiencing earnings shortfalls. Rising costs/raw materials/transportation and miscellaneous supply chain issues. The earnings shortfall took it down around 30% from recent highs. It made it attractive for myself as I had it on my watch list. I like the more recent Beneficial Owner buys. They sold some assets to pay down some debt. Armstrong IMO is still one Iconic name, but then again so was Kodak.

P.S.I still remember helping my father put down Armstrong carpet tiles. <G> It didn't take long to replace them with Armstrong vinyl flooring..

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To: richardred who wrote (6059)8/4/2021 2:55:29 PM
From: richardred
   of 6100
 
Nice size add to HLX today. Small add to AFI

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To: richardred who wrote (6031)8/5/2021 9:18:31 AM
From: richardred
   of 6100
 
RE: GNE- possible spin off-> Genie believes that shareholders could benefit from the potential spin-off of GREI with adequate capital and a dedicated management team empowered to gain scale and accelerate growth in its current and prospective European markets. The remaining US operations, GRE and Genie Renewables would then be positioned to accelerate their respective growth plans.

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To: richardred who wrote (6061)8/5/2021 3:24:47 PM
From: richardred
   of 6100
 
Added more in quantity to AFI < 4.96

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To: richardred who wrote (6061)8/6/2021 11:19:10 AM
From: richardred
   of 6100
 
HLX-sold shares bought @ 3.92 today

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To: richardred who wrote (6063)8/6/2021 4:36:20 PM
From: richardred
   of 6100
 
Added a little AFI today @ 3.94

P.S. Hey you never know! The Armstrong name is Iconic and not overpriced currently IMO

OLDIE

Buffett Praises Shaw's Acquisition of USF in Letter of Shareholders

Omaha, NE, February 26, 2018-Berkshire Hathaway released Warren Buffett’s annual letter to shareholders.

In the letter, Buffett explains that Berkshire made fewer acquisitions in 2017 because the market is currently overpriced but included the following about Shaw’s purchase of U.S. Floors: “Near the end of 2016, Shaw Industries, our floor coverings business, acquired U.S. Floors (“USF”), a rapidly growing distributor of luxury vinyl tile. USF’s managers, Piet Dossche and Philippe Erramuzpe, came out of the gate fast, delivering a 40% increase in sales in 2017, during which their operation was integrated with Shaw’s. It’s clear that we acquired both great human assets and business assets in making the USF purchase.

“Vance Bell, Shaw’s CEO, originated, negotiated and completed this acquisition, which increased Shaw’s sales to $5.7 billion in 2017 and its employment to 22,000. With the purchase of USF, Shaw has substantially strengthened its position as an important and durable source of earnings for Berkshire.”

floordaily.net

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To: Cautious_Optimist who wrote (3935)8/9/2021 9:23:19 AM
From: richardred
1 Recommendation   of 6100
 
SAFM gets a Cargill 4.5 billion buyout bid today.

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