– Company underlying business is undervalued.
– Channel checks indicate Licensed and Organic brands are seeing strength.
– At least two companies are circling the company with take-out talks in the high 20s.
– Management won’t entertain an offer unless it’s significantly higher.
– Supply chain intact. Management are grizzled operators and veterans of industry tsurris.
SCE reiterates the name with a Strong Buy with a 6 month price target of $21.
*Skilled Cat Enterprises is a equity derivative market maker in an off-market exchange and does hold a position in the equity. Its position fluctuates daily and it may be long or short at any time given market movements and operation.