The long awaited announcements from GE are now in. Dipping my toes in, ever so slightly. GE will focus on 3 sectors – Healthcare, Aviation, and Power. Cutting quarterly dividend in half to $0.12 share, $0.48 annual. Also downsizing board to 12 from 18. Certainly no short supply of skeptics out there. Pretense is long-term […]
Price: $34.75 Action: SELL Swift Transportation and Knight Transportation (KNX) announced a merger. Press release indicates cost savings of $16M after deal closes to as high as $75m by 2019. There are always challenges related to merger regarding cost benefits. This merger for benefit of cost and not for growth. Sold positions.
Sell – Knight Transportation (KNX) Read More »
($26.87) ADT agreed to be purchased by Apollo Global Management for about $6.94 billion or $42 a share. Targeted to close June 2016. ADT has 40 days to seek alternatives. Risk of this deal falling through is minimal. Don’t anticipate regulatory delay (non-foreign transaction, + company is going to be brought back to the U.S.;
ADT Corporation ($34.50) continues to steadily maintain a healthy balance sheet and improving income statement and operating cash flow. Marginally growing customer base and expanding it’s market footprint by expanding into the mid-size corporate market. Committing to it’s share repurchases while announcing an additional $1 billion, 3-year expiration program. If anything that continues to raise
