Why we just bought Zale

News on this jewelry company provided incentives to buy.

By Wall Street Media on MSN Money Feb 23, 2010 5:45PM

Written by Douglas Estadt

 

News overnight of private equity firm Apollo Management submitting a proposal to buy a stake in jewelry company Zale (ZLC) spurred us to buy shares today in the pre-market at 2.27/ share. Here's why:

 

  • Money from the private equity firm will keep this stock afloat, giving vendors confidence (and maybe consumers, too.)
  • Apollo working with prior management might help boost Zale.
  • Potential competitive bidders might well raise the share price.
  • Competitors' businesses are turning around, so perhaps with some changes Zales can finally follow suit.

To learn more about ZLC, click on 'read more' to view the video.

 

To have some of your risk capital autotraded for you on Covestor Investment Management, see my model here.

Visit Wall Street Media. We feature exclusive insights from the world's leading transparent investors.

 


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