Regarding AFCO you mentioned and TFS. I've got a small plateful of TFS. It's now selling almost 55% of cash (with no debt). This company's been around a while, and sometimes it's even been profitable.
moneycentral.msn.com
I'm not touting the stock or even recommending it. (I'm too shell-shocked in this market to make any suggestions.) Regarding TFS, on the one hand, perhaps I have made a mistake with the numbers or my calculations or assumptions. Perhaps there are off-book deals, or crooked managers, or horrific bad news to be forthcoming. On the other hand, if I didn't make a mistake (other than buying the stock -g-), then I'm shocked because if this dollar bill keeps going for 50c or even less, then imo, there's no telling how low other stocks will go - the bigger and better mid and large caps - if investors turn away from stocks at almost any price.
Ah well...
About AFCO. I took a small starter position today. Yahoo shows $7.50 sh/cash with no debt. The stock closed at $8.40. They're selling off a part of their business. I'll assume that this is a positive, that they are trying to focus. The company is expected to be profitable this year and next (per Yahoo research). There's that kicker you mentioned regarding the beverage labeling possibilities. In every year in the past decade or more, except 2002, these factors might have been enough to qualify it for a buy.
jmo and impressions,
Paul Senior |
