Selling the professional business -- cleaning it up for sale. Colorox or PG make the most sense to me.
Still might happen, makes sense to me still !
I know Jim doesn't have to sell -- but he is not getting any younger. And Clorox, P&G are looking to grow - and SMG would be a great fit. 20x 2012e -- gets you into the $80's
Wow, are you Out There, somewhere. I can tell you James has the cash to hold off any takeover, hostile or otherwise. When and if He would decide to retire, well, maybe. I just think you are having a wet dream. OK, wake up it is now Wednesday.
Over $60.00 and climbing -- Takeover anyday I am thinking. $75 ! at least.
Sorry for the @ vs %. I have a band aid on my finger.
No way. Just getting back to normal trading value.
Flee... I've been watching /lurking and sometimes posting for sometime. While many of your observations are astute, I don't understand the valuation statement.They sold off Smith and Hawken (good). They have concentrated on their core businesses (good).They sold the professional business, which is good for cash... but...Their topline revenue is not going to immediately fill in for the lost business. Their bottom line earnings are going to be smaller too. What is good is that the middle section is going to tighten up since they were under margin pressure in the professional business - they even said this during their investor conference recently. That said, their PE is probably a bit high (see my comments on top line and bottom line above).Or am I missing something. If you reply, please don't give me hyperbole - please tell me what I've factually missed?Thanks.