Electrical and electronics maintenance manufacturer Katy Industries Inc. has backed off its talks of a potential sale of itself, but now the same party is looking to purchase a minority stake in the company. And the Street, which pushed the stock high on speculation last time, was more reserved in its reaction the second time around. On Nov. 7, the day after Katy said it was in discussions about a possible sale and would look at strategic alternatives, the Street bumped its stock up $2.88 to $9 (See M&AR, 11/27/00). On March 5, the Street didn’t bite so hard, pushing the fallen stock up only 25 cents to $6, still more than a dollar lower than where it was trading for most of the winter. At press time, the stock closed at $5.88.
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