Stella-Jones Inc T.SJ

Hope Goodfellow gets bought out by SJ

[hawkowl1]

The Company plans to pursue acquisitions that further support growth in its infrastructure-related products categories. It also plans to evaluate growth opportunities in adjacent businesses where it can leverage its core knowledge and key attributes to generate continued strong cash flow. For strategic acquisitions, the Company anticipates increasing its leverage to finance such opportunities. As per its capital allocation strategy, the Company targets a leverage ratio of 2.0x-2.5x and may temporarily deviate and exceed its target to pursue acquisitions.

[lifeisgood1010]

I never understand why they haven't done that deal yet. They are neighbors in Delson QC, the Goodfellow are getting old. I guess, it would depend if they can get it at the right price. Goodfellow as a book value of close to $19, their assets have been so  much amortized that their is hardly any cost associated with that expense on their reporting. The asset value is probably worth much