Kerrisdale capital gives the letter to the Council of Lindsay, management

Kerrisdale Capital Management has released the following Monday, December 23 letter to management, Board members and other stakeholders of Lindsay Corporation (NYSE: LNN):Dear Mr. Parod, Mr Christodolou, other members of the Board and stakeholders of Lindsay Lindsay Corporation,On October 25, 2013, we published a letter ("October 25 Letter") for the directors and the members of the Board of Directors ("Board") of Lindsay Corporation ("Lindsay") with a variety of thoughts on how the management and the Board could continue to create shareholder value for equity owners of Lindsay.In response to our letter, Mr Parod and Lindsay paintings engaged in a dialogue with us about our ideas and concerns. Through face-to-face discussions, and communications via email and by phone, we discussed further ways in which the directors and management can continue to maximize the value gained long-term shareholders.In particular, we discussed in our letter of October 25 the company's cash balance now exceeds 15% of the market capitalization of the company, and given that this money will earn a significant return on equity, we have urged the Administration to consider using that money in a most productive way.Through subsequent discussions with the management,See the full press release-Published In: News global management contracts