Why we just bought Zale
News on this jewelry company provided incentives to buy.
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.
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The company has made at least 4 acquisitions in the space, and few people have paid any attention.
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