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

To: MCsweet who wrote (32557)	10/21/2008 2:53:00 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78725

ABIX had pump-and-dump situation couple years ago when they announced that they will start selling some fantastic fire repellent. Stock spiked then crashed and all kind of nastiness followed. Do you know if management was guilty and if they have been replaced? I would not want to get back into the company if they plan to play similar games again. Of course, maybe insiders were not complicit... but I would not buy into the company without knowing the whole story. :)

To: MCsweet who wrote (32557)	11/14/2008 9:57:19 AM
From: MCsweet	Respond to of 78725

ABIX posted earnings of 0.77 for last quarter, even better than I expected. ABIX currently trading at 4.60 this morning. Very sparse details --- further details will likely come on the website later. I expect next quarter to continue to be strong. Still trading well below book value and has a history of solid profitability. Also I think hurricanes more likely in the future due to changing global conditions, so this earnings while not the norm, are not a one-time event in my view. In happier times, I'd hazard to guess this stock would be up at least 50% on this news. Don't know about in these times. MC