Sunday, January 13, 2008

Hit #184 (Printronix)

Enterprise printing solutions company, Printronix (PTNX), was acquired by Vector Capital for $108 million. The cash offer of $16/share is a tiny premium of 6% over my average cost of $15.81. Without the dividends along the way, the absolute gain would have been closer to zero.

Beaten down Presstek (PRST) would be another bet in this year, though a risky one with the ongoing SEC inquiry. Xerox (XRX) and Lexmark (LXK) are good turnaround stories, with the former being very attractive now.

Outsourced printing solutions provider VistaPrint (VPRT) is a growth/momentum play. Like Kinko's earlier, it would be acquired by a larger office solutions company.

Veering further away, into 3D printers, both Stratasys (SSYS) and 3D Systems (TDSC) are avenues to bet on a new and growing market. The former has seen some strong insider buying lately.

Previous hit - Pharmion (#183)


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