Somebody post that Hardige has been sold to an investment group on one of the forums I read. Can any of you guys confirm that? What do you think it means long term?
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6 years ago
Hardige Sold to Investment Group ???
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6 years ago
Dang. Misspelled it not once, but twice.
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6 years ago
They're being sold to Privet Fund Management LLC, a hedge fund that specializes in small-cap companies. It's the type of hedge fun that runs individual portfolies for its clients, unlike the ones that have their own funds that investors buy into.
I don't know the company but that structure is for investors who look at any acquisition as a pure money play. They are not invested because they think it's a strong long-term play in manufacturing.
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6 years ago