Dorel Industries Ord Shs Class A T.DII.B

TD ups it's target from $15.50 to $46

[lifeisgood1010]

Cerberus was offering $372us 6 months ago and now,they are getting $810us
for the bike division only.

Truly amazing wealth creation for shareholders.We will probably get a huge dividenf in 2022

TD Securities Analyst Derek Lessard boosted his 12-month target price on Dorel's stock to $46 per share from $15.50 following the deal's announcement, while upgrading his recommendation to a "buy" from a "hold". 

Lessard said in a report to clients Tuesday that Dorel's valuation could grow once supply chain pressures ease and the company is able to deliver more consistent earnings.

[nozzpack]

With this sale, the balance sheet has $33.50 cad per share in cash. $1.75 billion in remaining sales, with $14 million US less in interest charges. If they sell the remainder, the $46 target will easily be met..

[nozzpack]

Actually , I got the finance costs very bad. Its $9.3 million US per quarter or about $37 million US per year. If all debt is paid down,that's $37 US million in free cash flow ( $1.20 US per share ) to the remaining two division to share. This will considerably improve their net margins  and net earnings which will be further bolstered by cost compression measures Taken in 2021. From

[lifeisgood1010]

I agree with you 100%. This is the most recent major shareholders of the B shares. There is 28,355,396 B shares outstanding.Out of that, the 10 biggest had 27,474,118 or 96.9% In there there is Letko who we know is a long term value manager who always fight to get the most of it's investment. If these 10 institutions have has srong hands as Letko, we will indeed see Dorel in the $40 in a