Black Box: CEO Joel Trammell Is Making Bold, Promotional Statements In Interviews

About: Black Box Corporation (BBOX)
by: Edward Vranic, CFA
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Edward Vranic, CFA
Long/short equity, Growth, momentum, event-driven

BBOX rebounded from its downward spiral after announcing a deal with an anonymous company that is "the most well-known social media company in the world".

BBOX is in talks with "multiple bidders" for its Federal Services Business in order to pay down debt and avoid bankruptcy.

CEO Joel Trammell purchased 45,000 shares at $3.90 in November.

Black Box Corporation (NASDAQ:BBOX) came onto my radar screen last week after the company announced a large deal with a social media giant for a data center infrastructure and connectivity project. The rise