This is a tough one. He has been Long and Short on this one in the past. The company was created to kind of roll up the cleaning services in the US and it just hasn’t worked out. Took on too much debt and are now having problems with the financing.
Clean bathrooms and sell chemicals. Fabulous management team that created billions of dollars in other companies and own 50% of this company and will consolidate the cleaning operations in North America. 2 years from now expect the will make $0.50 to $0.70.
Has done very well until the last 4 days. Their annual meeting is this week so there may be more news. This is a situation where you are just investing with the management team. Won’t be an overnight success story. They did over 400 acquisitions in a year in the last company. Will be volatile but will go up in a year. A $20 stock. All cashed up with $100 million in the bank.
(A Top Pick with Sandstorm (SND-X) and Estrella (EEN-X) Dec 29/11. These 3 did okay.)Part of a “triple tax loss” 3 week trade where owners did tax loss selling and then are buying back their stocks.
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This is a tough one. He has been Long and Short on this one in the past. The company was created to kind of roll up the cleaning services in the US and it just hasn’t worked out. Took on too much debt and are now having problems with the financing.