Friday, February 23, 2007

Hit #146 (Lesco)

Lesco (LSCO), a retailer of landscaping supplies, is being bought by Deere for around $133 million. The cash offer, of $14.5/share, represents a profit of 9.6% over my average cost of $13.23/share.

This was among my earliest speculative purchases, and I still remember being nervous about buying into a company that never really got any press. I mentioned, and recommended, it here on a post about service plays.

There is a link, though a personal one, between this and the previous hit (Smart & Final). I would like to brag, oops, I mean blog about it at some point. But that will have to wait for another hit!

Previous hit - Smart & Final (#145)


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