Jun. 19 at 5:26 PM
$MATW No sense of urgency from mgmt. Stock hovering near lows, even as they complained over a month ago about stock at these levels. Only corp action has been to buy death care chemicals biz for ~
$60M. That ostensibly leaves close to
$250M of capital to be redeployed (
$190M+
$50M receivables that should be collected in now 45 days). We’re waiting….
