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

To: Madharry who wrote (23166)	1/19/2006 6:32:31 PM
From: Broken_Clock	Respond to of 78636

I think it is undervalued. Many ALJ holders get discouraged and sell because of impatience. When Cramer pumped it a month back we had a quick pop and I sold a batch of 22.5 calls. They expire worthless tomorrow. -g- The company has previously announced a plan to start up a divvie. Now that debt is almost gone they should be getting that plan in motion. With 200mm sitting around gathering dust they may as well start the divvie. I think that will be a catalyst. If not, I will continue to sell calls every couple of months and lower my basis.