Hello Pezz, Today’s Middle Day Report:
Airlifted a brigade of USD to PT Indorama Synthetics indoexchange.com of Indonesia, WAT-WOT Southeast Asia front, at IDR 500-525/shr (IDR 8,462 = USD 1).
My troop commitment decision is based on possibly flawed field intelligence:
17% of book value, however puffed
12% price to sales, recognized in any convenient fashion
5 times cash flow, in whatever sense
10 times earnings, however defined
Reasonable debt, compared to Argentina
Decent and fair management, for a 3rd world country that could soon break-up into 200 independent island kingdoms
Reinforcement may be needed later on, and occupation cost budget may swell as well. For all I know, there may not even be a plastics factory in reality.
Do you enjoy ambiguity :0)
I think Indorama is a safer bet than INTC, but not as safe as Lumacom.
The business has been crappy and margins lousy for quite a while.
If this market ever makes a decent margin, this stock should explode to the upside.
The question is, how much excess capacity is in the market, is there any new capacity coming online (I doubt it as profits have sucked for a long time in the industry), and when can it get some pricing traction? At this price and with low volume, the beast can explode on the upside. It just needs a catalyst. Just broke through the 1-year moving average last week.
On a separate matter, I am watching Lumacom do its usual thing uk.finance.yahoo.com , up another 90-100% of my original purchase cost of AUD 0.065/shr.
The trajectory is tracking properly, momentum is strong, guidance system OK, and soon, to da moooon :0)
Spaceship Jay's portfolio is at 15.48% rise for the year, or 23+% for actively managed portion.
Did you check this out yet Message 19284569 ?
In the not too distant future, whenever you see NYC skyline in real or cyber space, or in movies, you will think of LUM.AX :0)
Chugs, Jay |
