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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (16334)5/2/2003 2:01:46 PM
From: Paul Senior  Read Replies (1) | Respond to of 78567
 
Bought a little more ADG this morning:

biz.yahoo.com

Trading under stated book value.
P/e under 7.
Co expects to earn this year at least as much as last year.
Well connected in defense industry. (Run by ex-general, other ex-officers.)
Expanding by acquisitions.
Decent ROE, not too much debt. (per Yahoo)

OTOH...
A tiny player in the sector.
Microcap, and often trades like it.
Dilution of shares.
Backlog down now.
In several niches = spread too thin?