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

To: richardred who wrote (30079)	2/17/2008 11:59:27 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78748

Richard, Do you have more insight into the markets where SHLM (and I guess ICOC and POL) operate? It seems that GFF also has a subsegment in this area? What are the drivers for poor performance recently and why should this recover going forward? With GFF I guess the issue is mostly construction exposure. I find GFF and SHLM interesting from net-net point of view. Need to look more. Thanks for bringing them to our attention. :)

To: richardred who wrote (30079)	2/17/2008 2:51:29 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78748

Richardred: Sold AIRT because fairly quick rise in stock made me nervous. I guessed it'd fall back in this market. Hasn't though. I still have about half my small position. Stock now $11.90; I'm using now about $13-$13.25 as about top price I'd be willing to consider it at as a value investment. I bought it as a value play. Looking at it closer after I sold, I see the company is consistently profitable business with low d/e. ROE fluctuates, but can be pretty good. (a small business, apparently orders come in erratically). Maybe it's a growth story more than a value play. Which would mean I was wrong and too early to sell any shares.