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Strategies & Market Trends : Value Investing
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To: Suma who wrote (21038)2/16/2006 3:17:40 PM
From: Paul Senior   of 78746
 
AVCI. Oops. It has turned out to be another below-cash play that's not worked for me.

Sales down, company is laying-off staff, and management may try to sell the business. Worse, they've burned through cash such that stock price/sh is now above cash/sh. With more expenses to come in subsequent quarters, I do not see the value proposition anymore. (i.e. The reason I bought the stock no longer exists.)

I'll take my losses and move on.

finance.yahoo.com
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