Benj Gallander
Sodisco-Howden Group
SOD-T
WEAK BUY
Apr 19, 2004
The biggest thing with this company right now, is there going to be a takeover? They indicated they were interested 8/9 months ago but nothing has happened. Past quarter, earnings were great.
Stock has moved up sharply. Brought in an investment banker. Looks like they're going to maximize shareholder value. Probably looking for a merger. Wouldn't buy, but treat as a hold.
Company was up for sale, but nothing happened, so it came off the market. Earnings have increased, controlling their debt, have digested a couple of companies in the last few years.
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