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Strategies & Market Trends : Value Investing

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From: a128	9/12/2007 1:01:01 PM
	of 78744

AMCE.... Here is a cigar butt, essentially an empty shell. (They have a small operating business that allows them to retain their nasdaq listing) Its trading well below its CASH PER SHARE of approx $1.40. This is after years of almost always trading ABOVE cash. A little over 3 years ago, the chairman exercised options for 600,000 shares at $1.7833 avg. (500k at $1.80 and 100k at $1.70) He has not sold a single share since. Its got a pretty low float which has allowed me to buy & sell numerous times over the years and make good profits. But, this time, its fallen too far. Granted, the Chairmans salary is too high and they are too free with granting him stock options. But this is a nasdaq listed shell that one day is going to merge something into it that will make the stock take off. In the meantime, its got $1.40 per share in cash. I dont believe it will be trading around $1 for very long. Very little volume took it down and it wont take much to get it back above $1.50. finance.yahoo.com

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