jhains2

SPA Chart in Synch with Companies Decision to Sell Itself

Long
NYSE:SPA   None
0
On 4/27 Sparton Corp announced that it "Explores Potential Sale Transaction"

I estimate a valuation in excess of $30 based on fundamental analysis of the company's two segments,
which deserve substantially different valuations.

Is this a Cup & Handle forming?

If so, then the technicals are in synch with the apparent fundamentals.

the June fiscal year company is expected to report 16FQ4 earnings and file its 10-K shortly after Labor Day.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.