Section from this weeks barrons. Round table 1997 Picks Article
I also made copy of last few News stories about company.
Notice that Mario Gabelli mentions BHY in Barrons, after his company riased its stake
in BHY on 01/09/97.
This looks like a nice long term play to me.
Anyone else have thoughts about this company?
Was up a bit today to 2 3/4 on heavy volume. H 2 7/8
Do you have another stock, Mario?
I was just warming up. Those were my teasers.
I have five companies that sell at $2 each that could be deals.
First one is Belding Hemingway BHY
The stock is $2.25. There are 7.5 million shares. A spinoff from
the Noel Group. They have threads, buttons. They're in the process
of selling the thread business. This will become a pure play on
buttons.
Pro forma for this deal, they will have no debt.
The preferred will be taken out. They'll have $5.5 million of
EBITDA, or about $3 million after-tax. They'll earn 50 cents.
MacAllaster: That's a lot of buttons.
Gabelli: They dominate the business. Margins are like 25%.
01/19/97 17:51 Gabelli picks undervalued shrs -Barron's
Reuters, 505 words
01/09/97 11:46 Belding Heminway (NYSE:BHY) stake raised by Gabelli
Reuters, 104 words
2/31/96 10:11 Belding Heminway (NYSE:BHY) gets $42 mln loan facility
Reuters, 119 words
Belding Heminway Company, Inc. enters new credit facility
BusinessWire, 228 words
12/26/96 16:34 BELDING HEMINWAY CO INC /DE/ (BHY) files SEC Form PRE14A
EDGAR Online, 122 words
12/12/96 09:04 Belding Heminway Company, Inc.to sell its Thread Division to Hicking Pentecost PLC
BusinessWire, 493 words
This looks like a nice long term play to me.
Anyone else have thoughts about this company? |
