Value Investing Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MCsweet who wrote (53695)	4/17/2014 11:02:02 AM
From: MCsweet	Read Replies (1) of 78684

Following up on ASDS ASDS is trading down a bit -- 0.21 bid and last and 0.25 offer. If you check out their website ascendantsolutions.com, you see that it has been totally redone and they have contracted Halliburton for shareholder relations (no relation to Dick Cheney's energy company), so you can see that are putting some effort in marketing the stock. If performance holds up, I am thinking the stock could appreciate to book value over time. I own it and would buy more in the low 0.20's or lower, but think 0.25 or lower is reasonable for a starter position. I'll repeat risks: bad long term track record (mitigated somewhat by the fact that they are going to focus on the one thing is working -- expanding their pharmacy business) good amount of book value is loss carryforwards and a private real estate investment roach motel -- if things go south, it will be hard to get out at a decent price I'll see if I can find out anything more about the private real estate investment. MC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next