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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (32739)	11/11/2008 9:52:15 PM
From: Spekulatius	Read Replies (1) of 78661

OSK- I have been looking at it since the stock was at 30$+ <ng>. market value is 440M$ and debt is 2.7B$. net tangible value is 1.9B$ (again due to good will from the recent JLG merger). This is going to the point where I'd start to look at buying the debt rather than the equity or in other words close to being a lottery ticket Then on the other side there is quite some potential if they survive. The specialty vehicles get sold to military, muni and public organizations where public infrastructure spending could indeed make a difference. The last 8K has some nasty language about violating loan covenants. I don't think i would buy if for the dividend because it could be gone in heartbeat but with a fairly diverse product mix and lot's or revenue from the public sector I think it's one of he better lottery tickets that is being tossed out here.

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