Investors Saying Brink's Should Sell

Two of company's largest stakeholders smelling profits after HSM sale


The Brink's Co. was the buzz of New York's investment community on Monday and Friday after investors started talking about selling the company.

According to a Reuters new story, MMI Investments, which holds 8.3 percent of Brink's stock value, speculated that a sale or split of the company could fetch prices of $70 or better per share.

The speculation followed last week's acquisition of HSM Electronic Protection by Stanley Works, which bought the monitoring company for $545 million. The HSM sale was seen by many as a model for the kind of sale Brink's could go through.

The talk of a possible Brink's sale is not MMI's novel idea. Pirate Capital issued a press release in late November stating that it believed Brink's should consider a sale. Pirate Capital, a hedge fund, owns approximately 8.5 percent of Brink's.

According to a Brink's spokesperson quoted by Reuters, the company is considering acquisitions related to commercial security. As of Tuesday morning, Brink's stock was selling around $63.70, slightly off its Monday high of $64.60.

Brink's core businesses are in its monitored electronic (alarm) services and its armored truck division for cash handling services.