After Daseke announced an agreement to repurchase founder and former CEO Don Daseke’s 17.9M shares, or 29% of the outstanding shares, Craig-Hallum analyst Ryan Sigdahl called this "a well-structured deal" for the company and shareholders that is "highly accretive" and being done "at great terms" for the company. The deal is also structured to keep financial flexibility, said Sigdahl, who has a Buy rating and $14 price target on Daseke shares.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DSKE:
- Daseke to Participate in Two Investor Conferences
- Daseke Announces Repurchase of Founder’s Stock
- Daseke Reports Results for Third Quarter 2022
- Daseke reports Q3 adjusted EPS 34c, consensus 33c
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue