I'm not sure if this is best characterized as out-of-the-box thinking, or just plain crazy. But I was thinking that UPI might be a perfect acquisition candidate for ROST. ROST (Ross Stores Inc.) is a California-based off-price apparel and home fashions retailer that operates under the Ross Dress for Less and dd’s DISCOUNTS brand names). Its market cap is an astounding $16 billion, and as at August 2, it had almost $550 million on its balance sheet. ROST could easily purchase UPI at a significant premium to UPI's current trading price.
While at first glance, UPI might seem like a strange subsidiary to a California-based retailer, upon further examination, I think investors and employees would find there to be MULTIPLE great reasons for a transaction like this to take place. For instance, ROST recently announced it was making a $25,000 cash donation to the American Red Cross Napa Chapter.
Are there any employees on this board that would like to weigh in on this idea? I'd be very interested in your thoughts.
While at first glance, UPI might seem like a strange subsidiary to a California-based retailer, upon further examination, I think investors and employees would find there to be MULTIPLE great reasons for a transaction like this to take place. For instance, ROST recently announced it was making a $25,000 cash donation to the American Red Cross Napa Chapter.
Are there any employees on this board that would like to weigh in on this idea? I'd be very interested in your thoughts.
