Some one, who is a pretty savvy investor, has just taken a huge position in this company. Management has given the union until the end of the month on whether they can cut down on their health costs. Speculative.
1.2% dividend. Likes their consistant dividend record and their consistant increase in that dividend. The multiples have shrunk. Have realized that they have to target the higher end shopper. Also will try to address line-ups. Going to try to formalize banking relationships for their clients.
Has a pending lawsuit re their previous Sudan holdings, but forgetting lawsuits, the underlying company is very attractive. Targets on the street is that there is a 10/15% appreciation within a year.
Admires the company. They have done a good job of managing. Likes the argument that their is going to be great demand over the next several years from developing countries. Not sure if its a compelling Buy at these levels, but a very good company.
Inventories of aluminum is at all time lows. Feels there is going to be big consumption of basic materials. If you are going to buy a world class company, you should buy when things are not great.