AM – American Greetings Corp.

American Greetings Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of greeting cards and other social expression products worldwide. It offers social expression products, including greeting cards, gift wrap, party goods, giftware, and stationery, as well as custom display fixtures; and DesignWare party goods, Plus Mark gift wrap and boxed cards, and AGI In-Store display fixtures.

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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 [...]

About an hour ago I sent out an email alert indicating that Zev Weiss and family (current CEO and the founding family) have raised their bid for taking the company (AM) private to $17.5/share from the earlier $17.18/share. This follows 2 days of unexplained decline in the stock that allowed us to increase our stake [...]

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 [...]

Clinton Cards is a UK based specialty retailer with approximately 750 stores that has been struggling with high rents and falling sales and margins. The retailer has now been forced into administration (bankruptcy) by American Greetings (AM) who has about $25 m in unsecured exposure to Clinton Cards as one of its suppliers in the [...]

For investors searching for dividend yield, the amount of dividends paid is as important as whether the dividend can be sustained or even grown over time. For a value investor, it makes sense to look at dividend paying stocks as these stocks have a way of realizing value with each dividend payment. For this edition [...]