AM - American Greetings Corp. Archives

Exited American Greetings: 36.62% Total Return in 15 Months


As you probably know, American Greetings (AM) is going private. A group of the founding family members (Weiss) have offered $18.20/share and the board has accepted the offer. The deal is expected to close in Jul 2013. I recommended and bought the stock first in Dec 2011. Over the last 15 months, I have added… [Read More]

[Member] Recommend Continue to Hold American Greetings

American Greetings (AM) today received a buyout offer from a group led by its CEO, Zev Weiss, the President/COO Jeffrey Weiss, other executives and their families. The offer values the company at $580 million, or $17.18/share. While the offer is a 20% premium to the closing price yesterday, it still undervalues the company. The shares… [Read More]

[Member] Reducing My Targets for American Greetings (AM)

American Greetings (AM) released its Q3 earnings before the market opened yesterday morning and I have to say, they shocked everyone that follows this company and its stock. AM’s management is clearly testing investors’ patience and their reticence in the conference call to elaborate on certain items did little to assuage the shareholders. Here are… [Read More]

[Member] American Greetings (AM) Should Be Bought At These Prices

Please note that this is a past premium recommendation. We are now out of this stock Just in time for the holidays, I want to highlight American Greetings stock, which I believe offers a compelling value at the current prices. American Greetings (NYSE: AM) makes and markets greeting cards (print and online), gift accessories, party… [Read More]