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Generac Holdings (GNRC -0.9%) gives back early gains and slips into negative territory after...

Generac Holdings (GNRC -0.9%) gives back early gains and slips into negative territory after announcing it's completed its acquisition of Ottomotores UK Limited and its affiliates, which includes the operations of Ottomotores Mexico and Ottomotores Brazil, for $46.5M in cash.
Comments (5)
  • MWinMD
    , contributor
    Comments (1870) | Send Message
     
    I doubt the price movement has anything to do with the purchase of the Latin American company. Insiders are taking capital gains now after a huge runup in the past two years. I look for this stock to resume its upward climb in January.
    10 Dec 2012, 01:00 PM Reply Like
  • johnofarizonaoregon
    , contributor
    Comments (226) | Send Message
     
    $25 or so would be a great price to get some shares, if it drops that low in the near future.
    10 Dec 2012, 01:06 PM Reply Like
  • JTU
    , contributor
    Comments (27) | Send Message
     
    This aquisition makes a lot of sense. It will add to their bottom line as early as next quarter.
    10 Dec 2012, 01:50 PM Reply Like
  • edemaris
    , contributor
    Comment (1) | Send Message
     
    I am a retired investment banker and I trade equities and options. In my opinion there will be a growing demand for home generators as we experience more power outages from unusual weather patterns. I think much of this growth is already priced into the stock, and I will buy more stock if it slips below 30.
    11 Dec 2012, 07:58 AM Reply Like
  • mrbirdly
    , contributor
    Comment (1) | Send Message
     
    Earlier this year, purchased a 20K Generac for our 2500 sq. ft.
    home. Lowes contracted the entire (and flawless) installation @
    a total cost of appx. $9000.
    We are long term, long on GNC. Believe the awareness, of those
    afforiding aux.generators, is only in its primative stage.
    12 Dec 2012, 12:42 PM Reply Like
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