Founded in 1947, Dover (DOV) is an international industrial conglomerate. In 2017, the company decided to spin off its energy division (18% of 2017 revenue) into a seperate company called Apergy (APY). The spin-off became official in May 2018 and left Dover with three less volatile business segments. Engineered Systems (40% of pro-forma revenue): Dover [...]
Founded in 1929, American States Water (AWR) is a regional regulated water and electrical utility serving 75 communities in Northern, Coastal, and Southern California. It also serves 24,000 electrical customers in San Bernardino county. Source: AWR Investor Presentation The company has two major segments. The Golden State Water Company owns the firm's regulated water and [...]
Founded in 1896, Tootsie Roll (TR) is the maker of famous candy brands such as: Tootsie Roll, Tootsie Pops, Child’s Play, Caramel Apple Pops, Charms, Blow-Pop, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Razzles, and Dubble Bubble. The company sells its products primarily through 30 candy and grocery brokers to over 4,000 supermarkets, [...]
Spectra's sponsor, Enbridge (ENB), announced a roll-up proposal in May 2018 to acquire the remaining interest in Spectra that it doesn't currently own. If accepted, SEP unitholders will receive 1.0123 common shares of Enbridge per SEP unit, representing a value of about $32 per unit today. As Enbridge laid out (see quote below), the [...]
Flowers Foods (FLO) was founded in 1919 and has grown to become the second-largest producer of packaged bakery foods in the country with over 40 operating bakeries. The company primarily sells breads, buns, rolls, tortillas, and snack cakes, and some of its key brands include Nature’s Own (the number one bread in the U.S.), Tastykake, [...]