Thursday, November 16, 2006

Equity hawks circling ServiceMaster?

Interesting piece in "Heard on the Street" column in the Wall Street Journal. There's speculation that investor groups are looking at the parent company of the TruGreen Companies and Terminix as a plum just ready for picking.

If you haven't heard, ServiceMaster said a couple of weeks ago that it's moving its corporate headquarters from Downers Grove, IL, (just outside of Chicago) to Memphis were all of its consumer services businesses are headquartered.

There's been a lot going on at this company that has always made a point of emphasizing its strong Christian values. That said, not even The Higher Power Above has seen fit to move its stock price to the satisfaction of investors, so there's talk of big-money snapping it up.

Hey, that reminds me of a joke (hee, hee) about the guy that month after month, year after year, whined to God about why he never wins the lottery . . . . and, of course, the answer in a thunderous voice from on high — "You gotta buy a ticket first, moron!"

Ok, so it wasn't such a hot joke.

Click on the headline for the Wall Street Journal article. Actually, I accessed it through the Pittsburgh Post-Gazette. — Ron Hall

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