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   Strategies & Market TrendsSpeculating in Takeover Targets


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From: richardred8/9/2021 1:21:25 PM
   of 6100
 
Bought back into a little MNTX today. IMO Earnings were not to bad .It came down from the latest qtrs. earnings spike upward. However I think it will be some time before Tadano would even consider buying the rest of MNTX. Considering some of the other construction equipment Mfgs. I've seen. Dealers are starting to replace and build some inventory. Raw material costs are still a troubled spot moving forward.

P.S.
Caterpillar Revenue Jumps 29 Percent in Second Quarter

Aug 07, 2021

Wall Street Beat"> Wall Street Beat

Manitou Hikes Revenue 27 Percent in First Half of 2021Manitou posted first half sales of €970 million, a 27-percent increase compared to the first half of 2020.

Posted Michael Roth

Aug 05, 2021

Related To:

Manitou North America

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From: richardred8/11/2021 10:16:03 AM
   of 6100
 
New Buy- Bought into ENDP-ENDO on the nearly 10% decline today.

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From: richardred8/11/2021 2:01:20 PM
   of 6100
 
Bought some POSH-POSHMARK today as it takes a 13% hit today. IMO-Seems overly punished for previous 3 qtr's results.

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To: richardred who wrote (6065)8/11/2021 2:42:09 PM
From: richardred
   of 6100
 
Sold AFI shares bought below 4.00.

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To: richardred who wrote (5353)8/12/2021 8:36:07 AM
From: richardred
   of 6100
 
2019 SITT pick and backyard company for me. IEC- IEC Electronics goes down today.


IEC and Creation Technologies Sign Merger Agreement
Purchase Price of $15.35 per Share in Cash Transaction Valued at $242.3 Million Including Debt

Newark, NY and Boston, MA, August 12, 2021 – IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the signing of a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, representing a fully diluted equity value of approximately $173.8 million and an aggregate enterprise value of $242.3 million, based upon net debt of $68.6 million. The transaction has been unanimously approved by the Boards of Directors of both companies.



IEC is a leading provider of high-complexity, low-to-medium volume electronic manufacturing services focused on high-reliability applications within the aerospace and defense, medical and industrial end markets. With its marquee, blue-chip customer base, the company has proven its ability to service the industry’s highest levels of quality and reliability. The merger will augment IEC’s existing production capabilities with access to Creation’s existing low-cost manufacturing facilities in Mexico.



Creation Technologies is a global EMS supplier with a focus on medium volume, high-reliability customers in aerospace and defense, medical and tech industrial markets. Creation and IEC combined will have more than 4,000 employees in facilities located in the USA, Canada, Mexico and China.

iec-electronics.com

To: ~digs who wrote (2908)10/10/2011 7:20:44 PM
From: richardred Read Replies (3) of 6072
I also have a liking to companies I can follow closely. I call them my backyard companies. I own Ultralife, Lyon's National Bank, Veramark, & Harris, Harris has it's RF communications division in Rochester (most profitable division). ITT has it's Gould's pump division in Seneca Falls. I sold my IEC electronics earlier in the year.
I also have Seneca Foods -SENEA on my watch list.

In the past my Champion Products was bought out along with my Genencor & Sybron.

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To: richardred who wrote (6064)8/12/2021 10:28:43 AM
From: richardred
   of 6100
 
HLX- Bought back in the shares I sold.

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To: richardred who wrote (6070)8/12/2021 3:20:10 PM
From: richardred
   of 6100
 
Sold POSH on the 7% dead cat bounce,

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To: Cautious_Optimist who wrote (3935)8/13/2021 11:07:20 AM
From: richardred
   of 6100
 
Brazil's JBS Proposes to Buy Rest of Pilgrim's Pride -- Update
BY Dow Jones & Company, Inc.

— 10:53 AM ET 08/13/2021

P.S. One big chicken buyout leads to another.

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To: richardred who wrote (6073)8/13/2021 11:22:22 AM
From: richardred
   of 6100
 
Added to HLX & MNTX below 7

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To: richardred who wrote (6075)8/13/2021 11:31:26 AM
From: Cautious_Optimist
   of 6100
 
Both examples of...

"If only I had held."

Same same for when I persisted on value for several years down; and sold months before they recovered.

The universe does what the universe does, its so tough to time the possible events.

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