Username Password
S&P 500: 1,317.11 Change: -0.21%
morganuci
P&P Score: 99.58   Points: 128.90   Accuracy: 47.34%   Average Pick Score: 1.23   Annual Return: 20.90% (70.08% since 1/18/09)  

morganuci's Blog : K-Tron International: No longer independent

Date April 3, 2010    Comments Comments (0)    Rate this post Recommend This Post (76)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This
Eleven months ago, I wrote a blog entry about K-Tron International (KTII):

http://www.peopleandpicks.com/blog/morganuci/3056217/KTron-International/

At that time, KTII was about $78.50, having seen lows around $55. As of April 1st, 2010, Hillenbrand (yes, the coffin maker) completed their acquisition of KTII for $150 cash per share. KTII was probably worth quite a bit more, but since they never tooted their own horn (never gave guidance, never had conference calls, etc.) and were pretty small and had a small float, they had no analyst following on Wall Street and so I think that kept the stock price unnaturally low---a perfect stock for value investors.
Tags : KTII  

Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links