Diamonds and Dogs

7/13/16

Impravata Inc. (IMPR) is going private. Impravata jumped 31% today after agreeing to be acquired by an affiliate of Thoma Bravo, a private equity investment firm. The Lexington, MA based healthcare IT company provides authentication and access management solutions for hospitals along with services for customers in the financial services sector as well as the U.S. government. Another good sign that the heatlchare sector is undervalued.  

AAR Corp (AIR) is losing air. The Aviation Services Company is down 9% not far from a 52 week low after missing earnings estimates by a wide margin on in-line sales. Guidance for 2017 wasn't any better with earnings now expected to come in around $1.30-1.40 a share excluding non-recurring items verse estimates of $1.97 a share. Revenue guidance should be at or slightly less than expectations.  Not a good way to start the second half of the year.