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Non-Tech : Gehl Company

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To: Joe Btfsplk who wrote (94)1/11/2001 9:50:26 PM
From: Bob Davis  Read Replies (1) of 97
 
For more than two years analysts and institutional investors have recognized that Gehl Co. (NASDAQ:GEHL) was badly undervalued by the market, even though the Company itself has been well managed. As a result, institutions have placed quite a bit of pressure on management to take the proverbial "steps to enhance shareholder value." However, management has resisted, stating that "it is in the best interests of shareholders for the company to remain an independent public company."

Now the battle is heating up. A takeover attempt at $18.00 per share in cash has been launched, and it seems likely that this will quickly turn into either a proxy fight or an outright tender offer.

The Napeague Letter has a ringside seat and is publishing the "official score-card" as it has followed GEHL for the last several years. In fact, this buyout and the most likely final price were both predicted in the latest Analysis of GEHL, published on December 6th, when the stock was trading at $11.25 a share. This analysis includes charts and worksheets that illustrate this valuation, as well as a more complete explanation of the analysis methods used.

Click on the blue "Bob Davis" at the top of this post to find the URL for the Napeague Letter web site.

Bob Davis
The Napeague Letter
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