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Wenzel Downhole Tools Ltd T.WZL



TSX:WZL - Post by User

Post by NYI25on Nov 15, 2010 5:48pm
386 Views
Post# 17709475

big moves

big movesA big move up in price the last couple of trading days.  Still relatively light volume which suggests accumulation more than takeover.  Having said that, these guys are rype for a takeover - good cash, no debt, growing business in US and international.  Would be a pretty good way for an acquirer to pick up incremental EBITDA cheap.

I think the value is in the $2.25 to $2.50 range.
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