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.
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?
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.