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]
Its Q2 2011 report shows a gross margin improvement of 6.5% from 21.2% to 27.7% while the net income rose from 0.03/share in Q2 2010 to 0.15/share in Q2 2011. Members have access to the full article. If you are not a member, signing up is easy!
In its August quarter, the company easily went past the analysts’ mean expectation of $0.17/share and brought in earnings of $0.32/share. While the industry continues to stay weak, due to the regulatory hold ups alluded in my previous report, the company is continuing to execute well within this environment. The company now holds an astounding… [Read More]
This is a past Premium recommendation and is made available for your reference. For more past trades, refer to our trade history. You might recall I recently purchased shares in the data storage company Xyratex (XRTX). This is a reasonably small company (Market Cap: $300 Million) based in Havant UK that provides solutions and technologies… [Read More]