Tecumseh Products Company (TECUB)

xKaptainx (70.83) Submitted: 3/27/08 3:40 PM : Start Price: $26.95 TECUB Score: 3.70

See TECUA. Seems like many aren’t aware that there are two classes of this stock and they run parallel to each other. More negatives can be found in TECUA then here. I don’t know what these guys did to earn an increase of 198% in one year, but in this market I can see some taking their money and running. Tecumseh Products main business is in manufacturing compressors used in refrigerators, water coolers and air conditioners. Those tend to be the types of purchases made in a stronger economy. More importantly, Todd Herrick, who was fired as chairman and CEO in 2007 in a leadership overhaul, owns nearly 2.2 million shares, or 43.0% of the company's Class B voting stock and Toni Herrick owns 888,100 shares or 17.5%. Their foundation owns another 1.3 million shares. Investment banking firm Beringea was hired by Herrick to review and evaluate how the foundation and related family trusts can liquidate holdings. I just don’t see this one continually going up.

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