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Strategies & Market Trends : Value Investing

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From: MCsweet10/21/2008 10:57:50 AM
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A net-net for consideration,

ABIX looks to me like a profitable net-net, selling well below book, trailing PE around 9.

Reasons not to care:
Pink sheet stock
Earnings have been trending down
Lots of inventory, receivables
Why deal with a pink sheet, microcap in this environment?

Main reason I still like:
They get a lot more business with hurricanes. Take a look at their earnings after Katrina. Upcoming quarters should have good earnings IMO.

MC
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