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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.040+2.6%Oct 31 3:59 PM EDT
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To: E_K_S who wrote (5422)8/13/2019 3:25:42 PM
From: richardred1 Recommendation

Recommended By
E_K_S

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SENEA long time on my watch list (BACKYARD)company for me. Both times in and out with profitable trades. I've seen much of your and others SENEA commentary on the Value Investing Board.

Arthur S. Wolcott bought 3000 shares in march for 27.41. So I'd agree at your price point. Also agree, only a friendly TO here. Two classes of stock make it tough for any Activist pushing. The company has made so many acquisitions and divestitures. It's hard to keep track of them. It also changes accounting often, and has numerous write downs and special charges from A&D.

marketwatch.com

Message 27693009
Message 30844214
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Message 31671825

P.S.
oldie

Seneca Foods Corp. of Marion, Wayne County, is another example of a company guided by the long view. Arthur S. Wolcott founded the company in 1949 and is still its chairman. Kraig H. Kayser has been CEO since 1993, following in the footsteps of his father, Julius, who was key to the company's growth until his death in 1988.

Today, Seneca Foods is a powerhouse in canned fruits, vegetables and snacks with sales approaching $2 billion. You likely know it through the iconic brands Libby's and Green Giant.

It's another example of "sticking to the knitting" — carefully acquiring and integrating companies over time to meet its vision: "To continue to grow as a leader in the fruit and vegetable industry by remaining deeply rooted in our fundamental beliefs and through a shared commitment to those we serve."

Both are great local examples of companies that quietly get it done.

So let's get to work.

democratandchronicle.com
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