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Celestica Inc. (CLS $219.79)
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Sleep Country Canada Holdings Inc. (ZZZ $34.99)
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TerraVest Industries Inc. (TVK $165.71)
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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $126.20)
Q: If you owned sleep country shares would you sell now or continue to hold with the hope another company steps in with a higher offer than fairfax? If selling is the answer could you suggest some of your current top ideas for reinvesting? I’m a buy and hold for the long term investor with a moderate tolerance to risk and like to own high quality companies. Thank you
5i Research Answer:
The bid is not that attractive, so there is always a chance of a new bid or a new bidder. We would put odds low, in the 10% range, but more than zero. We would hold for the moment. When the time comes, some other high-quality long-term holdings we like are: TVK, HPS.A, CLS