Business & Insurance Update
No wonder, Skolnick muses, some shareholders feel shortchanged.
Nonetheless, Skolnick offers several reasons for her faith in an LBO. With the right partner, she begins, Triad could still pursue its growth strategy. After all, she notes, the company has mentioned unnamed parties that would be receptive to that plan. In contrast, Skolnick believes, some shareholders have clearly lost their patience with the company and could choose to launch a distracting proxy fight instead. Through an LBO, she says, CEO Denny Shelton could also choose his new boss and co-directors rather than having them chosen for him. In addition, she feels, he could protect his treasured joint-venture partnerships as well. "The next several weeks could prove to be a potentially lucrative time to own Triad shares," Skolnick concludes. "We can't wait to see what happens next."TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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