I'm afraid not. Shorts are doing great with today's mkt debacle on UK news of Brexit. Too bad, as there was much promise here which may now never get fulfilled.
Fortive is a low-growth business so DHR spun it off so as to not hold the rest of the company back. We dont know yet how much of DHR's debt ended up in Fortive or what the putative earnings per share might be.
Await the balance sheet.
WIith the competitive environment tightening, small (but successful) players like PRLB need to do something to survive in the long run . Will PRLB be astute enough to shop itself to a much bigger player (HP, UPS?) while the opportunity exists?
DHR announced today that all of Fortive stock will be spun off, so it is keeping none
itself. There will be no cash accretion to its balance from any possible post spin off sale.
Ah, now I know. SMMF announced today that it has acquired another small bank. The word must have leaked
out prior, as SMMF was hitting new highs a short time ago for no apparent reason. Castle Creek now has a very nice profit on its purchase.
If the mkt is receptive to Fortive and DHR keeps some of the stock itself for cash sale after the spin-off, I think the balance sheet will be in good shape.
Right on! Appreciate your observation. Sure hope it will be a stock-for-stock transaction.
My thoughts. FULT is now in the $14 range, in a move that has been exceedingly slow but at least a move up. I remember when many of us were in angst as FULT traded in the $12 range for the longest time. While some say that the future is limitless, I think now more than ever the bank should be sold. The current finance reporting regimen for banks, especially smaller banks, is overwhelmingly expensive and intrusive. While FULT is not really "small", it acts like a small bank and its annual earnings are under $1 per share. I frankly view $14 as a top.
Admittedly the dividend is very good, especially to those of us who owned banks that FULT acquired at
a premium many years ago. Still, its time to sell the bank.
Interesting comment in view of fact that DHR has already announced that it is splitting in two very soon.
The smaller part of the split might well be a candidate for a third party takeover, depending on what lines of businesses it ends up with. Clearly something to be watched.
Yes, I agree with these sentiments. The insular thinking of the B/D does not give
me any confidence. What the heck was the extra 2 cents dividend for?