Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.860

+0.6%

Oct 30 3:59 PM EDT

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To: E_K_S who wrote (5439)	8/18/2019 1:30:12 PM
From: richardred	Read Replies (2) of 7238

FWIW-ASTE is one I've been adding to. Sold their wood pellet business.Like MOD/Modine in the infrastructure area. ASTE has a great balance sheet to withstand this downdraft. Poor near term prospects and much lower backlogs are built in to the current stock price IMO. Very untimely & Good Speculative appeal. >Outlook Even though Astec witnessed lower demand in the first half of this year, its ongoing strategic procurement, operational excellence initiatives and manpower reductions is likely to lead to improved profits even if market conditions do not pick up. The company anticipates the second half results to be in line with the first-half results. finance.yahoo.com

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