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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • Apollo, Great Wolf Agree On Sweetened $6.75 A Share Offer-Bloomberg 0 comments
    Apr 9, 2012 11:57 AM | about stocks: WOLF, APO

    With interest rates so low and banks becoming more willing to lend money to corporations at least, I'd expect to see more deals like this recent acquisition of Great Wolf Resorts (WOLF) by Apollo Global Management (APO). I'd expect Apollo to cut the company's SG&A expenses which seem a bit high, and to milk the cash flows. From 2005-2008 WOLF invested over $500MM in PP&E and during those same few years the company's debt load more than doubled. I'd expect Apollo to cut fat on the expense side, and to potentially attempt to refinance debt at cheaper levels.

    http://www.bloomberg.com/news/2012-04-07/apollo-great-wolf-agree-on-sweetened-6-75-share-offer-1-.html

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: M A Stocks: WOLF, APO
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