Greenbackd

The WSJ has an article on Standard & Poor’s Valuation & Risk Strategies list of 10 publicly traded companies that could be LBO targets:

Analysts at S&P Valuation & Risk Strategies chose companies in the consumer discretionary and industrial sectors, because these sectors, along with financials, have been especially active for buyouts. Also, they picked companies that have market values of $1 billion to $4 billion, in keeping with the size of recent top LBOs. And finally, they picked companies trading at less than their respective industry’s coming year-end price-to-earnings ratio, which would indicate that the market currently undervalues them.

S&P’s top pick for an LBO is Eastman Kodak, with a market capitalization of roughly $1.2 billion. Private-equity firm KKR already owns a stake in Eastman Kodak. Here is the rest of the list:

• Eastman Kodak ($1.2 billion)
• Oshkosh ($2.8 billion)
• GameStop ($2.9 billion)
• EMCOR Group ($1.6 billion)
• Cooper Tire & Rubber Co ($1.3 billion)
• DSW ($1 billion)
• TRW Automotive ($3.6 billion)
• Dillard’s ($1.4 billion)
• Alaska Air Group ($1.7 billion)
• Gymboree ($1.2 billion)

Read the article.

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