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.