Nat Hunt
Nano-cap, micro-cap, deep value

Greystone Logistics Appears Poised For A Major Merger

There is big news related to plastic pallet maker Greystone Logistics (OTCQB:GLGI).

(Note: My previous articles on GLGI consisted of a fundamental bullish case and a dissection of the Q3 earnings. They are now available exclusively to Seeking Alpha Pro subscribers.)

In April, GLGI CEO Warren Kruger's family holding company bought major plastic pallet producer TriEnda (aka Lexington Logistics) out of bankruptcy for $13.6M. TriEnda's annual revenues are on the order of $70M. Greystone's current revenues are $23M and its market cap is $13.0M, so you can see the significance of this acquisition. Just to be clear, GLGI was not the acquirer; it was Kruger's private holding company which did the acquisition. Kruger's son, David, was installed...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details