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Strategies & Market Trends : Value Investing

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To: richardred who wrote (30079)2/17/2008 2:51:29 PM
From: Paul Senior  Read Replies (2) of 78750
 
Richardred: Sold AIRT because fairly quick rise in stock made me nervous. I guessed it'd fall back in this market. Hasn't though.

I still have about half my small position. Stock now $11.90; I'm using now about $13-$13.25 as about top price I'd be willing to consider it at as a value investment.

I bought it as a value play. Looking at it closer after I sold, I see the company is consistently profitable business with low d/e. ROE fluctuates, but can be pretty good. (a small business, apparently orders come in erratically). Maybe it's a growth story more than a value play. Which would mean I was wrong and too early to sell any shares.
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