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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (3382)	5/8/2013 12:45:23 AM
From: richardred	Read Replies (1) \| Respond to of 7252

Hi Ox: Sold my shares in Jan, but I keep an eye on it still. Fundamentally speaking from my last look that I recall. They had good chance for QTQ earnings improvement upside earnings surprise IMO & a positive incremental backlog working from the last quarter. The federal highway bill passing both houses and being sign into law should be good news coming down the road (pun intended) IMO for this company. Downside- I don't think states and towns have extra money to be spending on equipment & municipal infrastructure. So the waiting for Federal money might be trickling down about now. I still think it has some good speculative appeal left. Speculatively speaking who knows, maybe somebody like Terex & Cat are looking? I think Cat overpaid and took out Bucyrus-Erie at the height of metals & mining commodities boom. They might be looking again for something synergistic suited like ASTE? Message 28658299 Message 28501492 P.S. Took a look at smaller competitor Gencor Industries Inc. (GENC) awhile back and passed.