ANSLY - Ansell A Buy With Cash Ready For M&A
Ansell (ANSLF) (ANSLY) is an Australian manufacturer of gloves, Hazmat suits, and other rubber and plastic products. Ansell has an abundance of cash through the divesture of it sexual awareness division last year. The company gets about 20% of its revenues in emerging markets which have been doing much better. With this large amount of cash, Ansell can growth through M&A in this high profit margin business.
ANSLY data by YChartsThe stock trades for AU $24.38, there are 143.35 million shares, and the market cap is AUD $3.5 billion ($2.76 billion). It takes 79¢