Weekly Comments – March 25, 2019 – BCOR, FWRD, LXFR

BCOR  –  Strategic acquisition portends significant expansion.  Last week Blucora announced intentions to acquire 1st Global, a provider of tax planning and wealth management services based in Dallas, Texas.  The highly strategic transaction is…

FWRD  –  Tuck in acquisition improves competitive position.  Last week Forward Air Corporation announced the acquisition of FSA Logistix, a provider of last-mile delivery services.  FSA Logistix has bases in Florida and Texas.  In addition to $27 million in…

LXFR  –  Updated view following earnings report.  Despite a year-over-year decrease in sales in the final three months of 2018, Luxfer Holdings managed to crank out a 10.6% year-over-year increase in sales for the full year to $487.9 million.  Sales resulted in a net loss $8.5 million or $0.31 per share.

 

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