FWIW: selling IAD,CSTM, WBB, buying FDY
Reducing positions or selling entirely, the following stocks I posted on here earlier:
Inland Steel, Del Webb, Global Motor Sports (was called Custom Chrome when I mentioned it -- big Harley Davidson aftermarket business.)
All three stocks have received, or are in the process of getting, buy-out offers (for IAD it's partial, I believe).
Putting funds now into FDY which is Atchison Casting Corp. An aggressive consolidator in a fragmented business. Earnings down this quarter, stock is at its year low, but also now selling at its bv of about 15.5. Okay (IMO) psr. Debt./eq. will move higher as they continue acquisitions. ROE (per Yahoo) is at 10%; it's low, but I'd say okay given their on-going focus on acquisitions.
Paul Senior |
