WILC,
I am still holding a fair-sized position here. At first glance, the announcement of the end of the share buyback was disappointing. On the other hand, they made pretty good progress on it in a short time period, having bought back $2.9 million of the $5.0 million authorization. Also, it looks like their related entity will be buying shares now in the market, so that will support the stock.
Finally, taking a contrarian point of view, I see that a couple of large institutional shareholders have sold out, with very few of them left. This makes me think that there will no longer be a big supply of stock to sell in the market. Good from a supply/demand of shares point of view.
All that being said, it seems like the company's results will be mediocre for the indefinite future, while at the same time there will be currency and political risk (Israel bombing Iran?) that I am not eager to take right now, making it a long-term value play that definitely could get cheaper.
MC |
