Qesterr,
Excellent work. I wonder why, with the company trading below book, and given consistent earnings, ALU is not more concerned with a possible takeover. Market cap is only 58.5 million. Pocket change for the likes of Wayne Huzienga.
Again, great DD. You included all of the questions I wrote down to ask him when I call. I concur re: your assessment of David S.. He seems to be an honest, hard-working business man. When I last asked him a question concerning shareholder value, he reminded me that he was one of ALUs biggest shareholders and that he was thus very focused on shareholder value. If FC eventually goes public for 500 Million, that's 65 million that may be passed out to us (that's $10/share) as a dividend.
The momentum traders will soon be out of this stock. They bought with the hope of getting rich quick. If ALU had gone public, it would have just been a flash in the pan anyway (stock surges on IPO announcement and falls off a cliff after it prices-- e.g., DBCC).
I'm willing to double my position in the current price range and had huge orders in today that never got filled (8.25, 8, 7.75). I may end up paying more but I'm confident in ALUs business plan. To date, I've never erred in buying a profitable company below book value (DIGI, VLSI). Each has resulted in at least a double in 6-8 months.
I think this one has potential for much better than that long term.
The best time to buy good stocks at a great price is when most everyone else wants to sell.
Good luck to all...
LIG |
