Q: Does PKI have any corporate stake holders who might have an interest in increasing their stake or possibly of acquiring one of its assets? It appears to keep tripping over itself. Your tho'ts. on what has been bumpy ride for over four years, Thanks for your continuing help, Bill
5i Research Answer:
Simpson Oil owns 19.7% of the company and has already (in April) called for a review of PKI's strategy and even a change of ownership. It has been joined by Engine Capital in calls for changes as well. Fidelity owns 13% but other insitutions are small percentage holders. Certainly we see the frustration here, and the activists could cause a spark in the shares, finally. It remains very cheap at 12X earnings, but shares are lower than they were five years ago.