Jefferies Said Perot (PER) Is an Attractive LBO Target

In a research note this morning, Jefferies & Co said excess balance sheet cash, solid cash flow, modest capex and attractive valuation would make Perot (NYSE: PER) an attractive LBO take-out.

Analyst Joseph A. Vafi said, "While we have no reason to believe that the company is currently engaged or interested in a buyout transaction, we feel that Perot's valuation and business model are appealing to private equity players. We feel that shares of PER would fetch $20-21 in such a transaction."