SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (52810)11/15/2013 6:36:54 PM
From: E_K_S  Read Replies (1) of 78702
 
I agree w/ you. They brought in this very expensive management talent to package the company up for sale, then a large private equity investor steps in (w/ experience operating/owning a recycle company), time passes (90 days) and then this announcement. Either the private equity guy (along w/ their experienced management team) did not like what they saw and/or they could not buy the company at a fire sale price. Maybe our old geezer still has some wits to him as he now is shareholder friendly and thinks there is a better deal down the road.

I suspect the private equity group was trying to steal the company away on the cheap and would have if those options were granted. I first read this news as negative but the more I thought about it I see it as a long run positive. TBV is north of $4.00/share and when the metal/recycle market cycle was "hot", the company was actually making pretty good money. At one time I thought $6.00/share was a "value" buy.

I had just noticed a whole lot of volume the last 10 days and it looks like somebody is/was accumulating shares and/or it is the 125K shares being passed thru in the market maker system. I would think that this buy back would have been a private party buy/sell transaction and not reflected in the daily vol share count.

I am a holder too and was going to load up on my position if I could buy below $2.00/share. I see the risk/reward quite good w/ limited downside. As the rest of the market hits all time highs, this one could be a safe place to hide if/when you can buy at the right price.

EKS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News