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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (38860)8/18/2010 12:55:03 PM
From: Dan Meleney  Read Replies (1) of 78576
 
UVIC...Jurgis, I see you've increased your position in Unilense Vision in 8 of your last 9 top holdings posts and it has been in your top 10-ish for most of that time, so I was hoping to see a wonderfully undervalued little company. But, what I see is a lot of warts; where's the silver lining that I'm missing? My gut tells me it is there somewhere.

Liab/assets=155% after borrowing to fund stock repurchase from largest stockholder.
Both income and cash from ops are negative.
Competition is eating at sales.
Margins are down.
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