Below is from Peter Stracham that was posted on AZZ Web site 10th July .
"This game has been played successfully by Antares, but may be less appealing to shareholders who must watch from the sidelines wondering when it will be their turn for a payday, while the company’s executives pay themselves handsomely for their sterling efforts. StockAnalysis believes that the next deal will aim to put Antares into a position where the take-out will be through a purchase of the whole company, at which point the shareholders will all participate. While Antares is able to use its shareholders funds so skilfully, an investment in the company can be treated as a long term bet on the skills and initiative of its management and also the underlying, long term fundamentals of the energy sector as an attractive place to invest."
AZZ Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
