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Strategies & Market Trends : Value Investing
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To: MCsweet who wrote (54260)8/22/2014 5:43:44 PM
From: MCsweet1 Recommendation

Recommended By
Jurgis Bekepuris

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ASDS,

Earnings announcement was slightly disappointing to me. ASDS made 0.01 over the past six months. Annualizing that, that's still a PE of just 12, and they usually get a little more real estate income by year end plus hopefully the recent acquisition will be accretive. Book value is up to 0.40, but as Jurgis and I have pointed out, a fair amount of that is suspect (a $5 million investment that could be written down plus $3 million in tax loss carryforwards).

I sold some stock over the past week because I had overweighted it when it got down into the 0.17 range. If I owned none, I'd actually be a buyer, but with the company not doing as well as I hoped and a nice little gain on my current position, I'm happy to take some profits here.

MC
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