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Heroux Devtek Inc T.HRX

Alternate Symbol(s):  HERXF

Heroux-Devtek Inc. is a Canada-based international manufacturer of aerospace products and landing gear. The Company specializes in the design, development, manufacture, repair and overhaul of aircraft landing gear, hydraulic and electromechanical actuators, custom ball screws and fracture-critical components for the aerospace market. It provides landing gear solutions worldwide, supplying both the defense and commercial sectors. In the defense market segment, the Company supplies landing gear systems, parts and repair and overhaul services for a diversified portfolio of transport aircraft, fighter jets and helicopters. For the civil market segment, it is focused on the large commercial, business jet, regional aircraft and helicopter markets. Its service offerings include complete maintenance, repair and overhaul, spares provisioning and supply, technical publications, as well as on-site technical support and training. Its primary customers are located in United States and Europe.


TSX:HRX - Post by User

Comment by Curious777on Jul 12, 2024 12:16pm
133 Views
Post# 36130333

RE:TD

RE:TD

I don't share this statement:
We believe that the long-term upside potential for HRX shares is greater than $32.50, but we believe that the offer price represents an attractive return between now and March 2025 (assumed closing) when considering our 12-month target price, HRX's historical valuation multiples, and comparable company valuations. 

The buyer is having a hell of a good deal, and so those the two leaders of HRX... The rest of shareholders are selling at a great discount... And we find ourselves canned in this deal with no access to better offers... 
Still, I don't understand why Caisse de Depot gave in at such a discount price.

No option but turning the page on this one - but I will vote against.

 

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