HDS – 8/12 (Barrons) provides construction and building maintenance materials on site; spinoff of amalgamations from HD who changed focused back to core box; this bus was spun off to PE who dumped $ into tech and sales people; recently went public in July. Stock came out at low end of range and now trading up.
WFC initiated a buy and follows; same reporting as Barrons story; Negative is 60% Private Equity ownership which will ultimately want to spin off.
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Outerwall – (OUTR) Own Redbox and Coinstars.
BNP Paribas – BNPQY ADR – Continual profitability during financial crisis; negativel Price To Book implying destruction of value; 3 % yield currently. Owns Bank of the West.
![Screen Shot 2013-08-11 at 10.29.02 AM](http://ipcalifornia.com/wp-content/uploads/2013/08/Screen-Shot-2013-08-11-at-10.29.02-AM1-300x226.png)