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A Professor Is Seeking Duro-Test
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Newspaper Article
A Professor Is Seeking Duro-Test
1987
Overview
''I know of no other professor who has made an acquisition proposal for an entire company,'' he said, ''but my business is in analyzing companies, not watching what other people do. By gaining control, you gain the ability to control the destiny of the firm and its ability to develop new marketing strategies.'' Traders Are Cautious ''That's pretty weak,'' said one arbitrager who thought it was premature to make any bets on the stock. ''Anybody can write that. It's not a buyer that strikes me as a having a great deal of credibility.'' ''The stock has been at the same price as it was in 1983,'' said Robert Holt, a portfolio manager for Luther King Capital Management in Fort Worth, who has sold his entire Duro-Test holdings. ''Management is old and doesn't seem to have a lot of initiative. We just sort of gave up on the stock.'' Improvements Planned
Publisher
New York Times Company
