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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (18864)10/11/2004 1:32:02 PM
From: Paul Senior   of 78742
 
I'll start an exploratory position in die-cast car maker, Action Performance Co.

The stock has had its earnings ups and downs & been in and out of favor, and that has really been reflected in the stock price:

finance.yahoo.com

Stock has been hitting new annual low. With a psr of .53 and p/bk .64, cash exceeding total debt, I'll take a small exploratory position. I expect stock might go quite a bit lower (as it has in past), so I might want or be able to buy more at a lower price. New generations of kids and cars are always coming along - maybe ATN might be able to survive current woes and its stock return to higher valuation once again.
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