CDI Corp. | StockChase
5
CDI Corp. (CDI-N (Dead))

Last Price Recorded: $8.2000 on 2017-09-13

ON STOCKCHASE SINCE Nov 2011

Acquired (Sept 2017)

Business Services
5
CDI Corp. (CDI-N (Dead))

Last Price Recorded: $8.2000 on 2017-09-13

ON STOCKCHASE SINCE Nov 2011

Acquired (Sept 2017)

Business Services

CDI Corp.


Signal Opinion Expert
SELL
CDI Corp.(CDI-N (Dead)) 

August 14, 2017

They are being taken over by a private equity group.  He lost money.  He bought when the US dollar was about par.  The earnings recently weren’t very good.  He doubts a higher bid will come in and is worried the deal will not go through.  He hopes it will get taken over.  They don’t pay a dividend any more.  He estimates it will close in the third quarter. 

Business Services

They are being taken over by a private equity group.  He lost money.  He bought when the US dollar was about par.  The earnings recently weren’t very good.  He doubts a higher bid will come in and is worried the deal will not go through.  He hopes it will get taken over.  They don’t pay a dividend any more.  He estimates it will close in the third quarter. 

Business Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$8.200
Owned Owned
No

TOP PICK
CDI Corp.(CDI-N (Dead)) 

April 3, 2017

IT consulting, staffing.  They have been having trouble making money.  They have no debt.  They are looking at strategic alternatives.  Normally a company like this can double in value.  It could be sold for over $10-$12 within a year.

Business Services

IT consulting, staffing.  They have been having trouble making money.  They have no debt.  They are looking at strategic alternatives.  Normally a company like this can double in value.  It could be sold for over $10-$12 within a year.

Business Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$8.250
Owned Owned
Yes

COMMENT
CDI Corp.(CDI-N (Dead)) 

June 28, 2016

The new CEO has made a lot of changes. Have had a lot of write-downs, and because of that they have been losing money. Thinks the CEO is on the right track. They cut the dividend and eliminated about $10 million of money that was going out of the company. Selling at about half BV. If you take out goodwill, it is selling at far less then BV. He is happy to be holding onto this.

Business Services

The new CEO has made a lot of changes. Have had a lot of write-downs, and because of that they have been losing money. Thinks the CEO is on the right track. They cut the dividend and eliminated about $10 million of money that was going out of the company. Selling at about half BV. If you take out goodwill, it is selling at far less then BV. He is happy to be holding onto this.

Business Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$5.640
Owned Owned
Yes

PAST TOP PICK
CDI Corp.(CDI-N (Dead)) 

November 9, 2012

(Top Pick Nov3/11, Up 28.50%) Zero debt, beautiful company.  Company should do better if economy continues to turn.

Business Services

(Top Pick Nov3/11, Up 28.50%) Zero debt, beautiful company.  Company should do better if economy continues to turn.

Business Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$16.170
Owned Owned
Yes

TOP PICK
CDI Corp.(CDI-N (Dead)) 

November 3, 2011

Thinks it can reach $30 again. $1 billion in revenues. Clean balance sheet. Lost money in the last 2 years but seem to be turning the corner.
Business Services
Thinks it can reach $30 again. $1 billion in revenues. Clean balance sheet. Lost money in the last 2 years but seem to be turning the corner.
Business Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$13.150
Owned Owned
Yes

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