BURBANK FIRM LOOKING TO PUMP UP SHARE VALUE.Byline: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. Rivero Daily News Staff Writer Hoping to give its stock price a leg up, Burbank-based pump specialist Haskel International Inc. has retained an investment firm to help it evaluate various strategies that could include a sale, the company said Tuesday Tuesday: see week. . Haskel, a maker of high-pressure high-pres·sure adj. 1. Of or relating to pressures higher than normal, especially higher than atmospheric pressure. 2. Informal a. liquid pumps and gas boosters, said in a statement that it has retained Schroder & Co. Inc. to ``assist the company in evaluating business alternatives to enhance the company's growth opportunities.'' ``It means that we are looking at the whole range of alternatives, from aggressive growth through acquisition to a merger to looking at offers that might be available for the company,'' said R. Malcolm Greaves greaves cracklings, an edible raw fat from the meat trade. The skimmings from the preparation of this fat are also called greaves. They represent a low grade of meat meal. , president and chief executive officer. Greaves said the company's stock has been seriously undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. despite Haskel's profitability. Haskel shares jumped $0.9375 to close Tuesday at $9. Over the past six months, the company's stock price has ranged from $6.625 to $10.625. For the fiscal year ended May 30, the company's net income was $5 million, or $1 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, compared with a loss of nearly $2.9 million, or 60 cents per diluted share, the prior year. Sales for the fiscal year jumped 4 percent to $53.7 million from the prior year's $51.4 million. But the continuing financial crisis in Asia hurt the company somewhat in this year's first fiscal quarter, when net income fell 16 percent to $919,000 (19 cents) from the previous year's $1.1 million (22 cents). Sales were $12.1 million, down 3 percent from $12.5 million. Greaves said the company's healthy balance sheet and profitability are not adequately represented in Haskel's stock price. ``Our target is to improve the shareholder value,'' Greaves said. |
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