I would like to add GMIL (Guilford Mills) to the thread portfolio at around 4.00 (current b/a is 4.00 x 4.19), despite the big run yesterday. Crossy found this as a very promising post-BK stock, with stats similar to those IPSU had at around 2.00:
Message 18949392
The reason for the run the last two days is the 10Q that was filed on Wed, afternoon (access this at www.sec.gov, go to company search, type in Guilford) .... in which they had .14 eps for the quarter, INCLUDING taxes paid and around another .14 in reorganization costs. Basically, the co. has a good shot at earning .50/quarter or 2.00/year with only 5.5M outstanding shares, and net tangible assets are currently $10.00 per share. So with mkt. cap currently at $22M at a 4.00 share price, sales of $450M, i'd say this has a good shot at going double digits soon, especially after it moves to the Nas like IPSU did. All of this is IMHO.
I'll add there's a NY Times article that mentioned them the other day (i posted on the Crossy and Bosco thread).
Also, link to their filings: sec.gov
Note that the three funds appearing to own, post-BK are Bond Street Captial (516K), Dimensional Fund Advisors (38K?? - i'm not sure about this) and Bank One Corp (516K).
Note also that it hardly traded prior to yesterday, similar to the way IPSU traded last year. It looks like there's some resistance in the low 4's and once the stock gets past that it's smooth sailing. It seems there's very little downside right now; however, if it drops back into the 3's that should be a good buying opportunity IMO. |
