SXI - Standex International: Update Following Cooking Solutions Sale
Standex International (SXI) has reached a deal to sell its underperforming Cooking Solutions Group in a deal which values the assets at a relatively good price, certainly given the underperformance in terms of sales declines and low margins. While the sale looks fair, I believe that it does not alter the investment case for Standex in a big way as the company looks largely fairly valued, despite the improvements made in the organic growth profile of the business.
Goodbye Cooking Solutions
Standex Intentional has reached a deal to sell its Cooking Solutions Group