Joe,
re: ALU
thx for the kudos. Seems you echo my views on it completely. Let me add, I am under the impression (not being a lawyer) that if the insurance carrier plays foot dragging it may come deerly, because in this case ALU could demand compensation for the foregone EBITDA profit, perhaps with doube damages. I think we will see a partial settlement, ALU will desist from double damages in return and the reminder will be distributed later. Funny, $7-10 was my target range also..
Yes I was looking at NXB.TO. Liked the technology but not the revenue position. More or less an R&D shop. I added it to the stables of R&D tickers I have: NXB, Biotechs, CPST and AMSC of course <G>. If the market warms to them I might buy but not before..
IPSU.. well I'm eagerly waiting for them to get a listing moved to a REAL exchange, preferably the NYSE.. Sugar futures are firming now (World and US) and I'm now looking at similar crop-processing/packaging plays on major exchanges to do some comparisons: Found ADM and CPO, both quite nice. Price/Sales of around 0.35, PE of 15+, Gross Margin of 7% or less. That would be a nice target range for IPSU also. Similar valuation would mean an ultimate target price of $25-30
best rgrds
CRSY |
