Greystone Logistics Inc. (GLGI)

[vpagano]

In other news, I randomly was reading this article about investments of the Pritzker billionaires and something caught my eye.

http://www.bloomberg.com/news/2013-11-05/pritzker-billionaire-brothers-turn-from-family-feuding-to-deals.html

They bought Peco Pallet, who claims to be the North American leader in pallets, for an undisclosed amount.

“These guys want to expand, whereas the previous guys didn’t,” says Lee, who expects sales of $190 million for 2013. “They are long-term investors, so they’re not looking to pump something up and get out before the bubble bursts.”

Now if you remember GLGI did almost $25 million in sales for the year end, where would we compare in a buyout? This is obviously hypothetical as management would require a massive premium. Anyway, GLGI is trading at 40% of sales, meaning the equivalent would be $76 million for Peco Pallet. Seems way too low.