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Bullboard - Stock Discussion Forum Horizons Active Floating Rate Snr Ln ETF Class E T.HSL

The investment objective of HSL is to seek to provide unitholders with a high level of current income by investing primarily in a diversified portfolio of U.S. senior secured floating rate loans, which are generally rated below investment grade (loans rated at or below BB+ by Standard & Poors, or a similar rating by a designated rating organization) and debt securities, with capital... see more

TSX:HSL - Post Discussion

Horizons Active Floating Rate Snr Ln ETF Class E > who is going to vote no on this deal?.....
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Post by fibonnaci on May 24, 2012 1:47pm

who is going to vote no on this deal?.....

any dissident shareholders out there?

 

this deal is a joke, look at current quarters earnings, company is worth probably 50% more than what they are paying.... trading at not even 6 times fwd earnings!!!!! and this is a premium, according to the ceo of hsl???? this company has all kinds of growth opportunities too

 

i hate mgmnt that sells out like this, they should say it like it is to current hsl holders "we are getting new jobs in a bigger company with a higher salalary and we will get stock in that company so we dont really care about you any more"..... the ceo even has the nerve to talk about the synergies b/t hsl and dxpe!!! lol what the frig does that matter for us? once we are sold out, who cares what dxpe does, it certainly wont affect any of our bottom lines?

 

deal is a joke, vote it down.... same thing happened with badger daylighting and the deal did not go thru and badger shares are 6$ higher than the takeover price

 

glta

Comment by fibonnaci on May 24, 2012 1:56pm
sorry , meant to add..... dxpe had ebitda of around 23mm in latest quarter compared to over 5 million for hsl   do the math, on a ebitba basis, we have 20-25% of their ebitda but we are getting around 10% of their market cap????..... this deal is too cheap imho   dxpe has 250 million in debt, hsl has 10 million in debt   ummmmmmm...... am i missing something? hsl holders are being ...more  
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