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Cramer's Wallflowers

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Date updated:05-30-2007

From 5-29-07:

"Every time I think the market's had a big, big run, I come across a company like Wesco International (WCC), a boring distributor of electrical products, not unlike a Grainger (GWW), another amorphous, boring company that keeps putt-putting along.

What amazes me is how many of these quiet companies selling at cheap prices there are out there. When Grainger had an off quarter not that long ago, Goldman Sachs took the stock to a sell. Too much residential. Sure enough, Grainger puts on a good quarter and the stock explodes upward. Of course it did; the darned thing was selling at only 17 times earnings, despite consistent 12% growth.

I point all of this out because these are companies that you shouldn't be surprised to wake up tomorrow and see a Texas Pacific Group taking them over or a KKR rolling them up.

They are just too cheap.

WCC
Wesco Intl Inc
$27.30
+0.66%
$27.30

No Analysis added

People owning WCC also tend to own: ADI ARW BEAV BRL KMP MVL RVBD

TheStreet.com Rating: C+ What is this?

GWW
Grainger W W Inc
$98.82
+0.11%
$98.88

No Analysis added

People owning GWW also tend to own: AFL BAC BEN BSC CBSS CVX DIS

TheStreet.com Rating: A- What is this?

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Q. can anyone explain the BGF seper...

11.12.09 | 20:03 PM Asked by BS7518

A. BGF was an enhanced income security,
which represented one share of common
stock (BGS) plus $7.15 principal amount
of senior subordinated debt. They first
separated the note from the stock, then
did a partial redemption of the bond.
You should have received the following
for each share of BGF
1 share common (BGS)
$4.28 cash per share for the partial
redemption (this includes dividend)
1 note with face value of $3.11

There really is no market for the bond
portion. You will probably end up
holding it until redemption.

Hope that helps.