Q: Hi 5i,
It looks like Prysmian (from Italy) has made an offer to acquire Encore Wire @ $290.00/share. Encore has 35 days to shop around for other proposals. It also looks like there may be a lawsuit against the Board for failing to conduct a fair process.
What would be your recommendation at this point in the process? Sell or hold?
I was really hoping that this would be a long term hold.
If one were to sell what would be another similar company that you would recommend for a long term hold? Something in the "electrification" and renewables would be preferred.
I already own HPS, PWR, NXT which I suppose I could add to but I may have to trim HPS due to its run up.
How do you feel about MYR Group or Sterling Infrastructure?
Thanks!
It looks like Prysmian (from Italy) has made an offer to acquire Encore Wire @ $290.00/share. Encore has 35 days to shop around for other proposals. It also looks like there may be a lawsuit against the Board for failing to conduct a fair process.
What would be your recommendation at this point in the process? Sell or hold?
I was really hoping that this would be a long term hold.
If one were to sell what would be another similar company that you would recommend for a long term hold? Something in the "electrification" and renewables would be preferred.
I already own HPS, PWR, NXT which I suppose I could add to but I may have to trim HPS due to its run up.
How do you feel about MYR Group or Sterling Infrastructure?
Thanks!