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

To: Paul Senior who wrote (35776)10/27/2009 4:35:31 PM
From: MCsweet  Respond to of 78748
 
ABIX,

ABIX is still a decent long-term value IMO, but I'll point out that I think in the short term that earnings could be far last year, given the lack of hurricane-related sales.

LOAN just announced a 100k share buyback. Who knows if they will follow through, but better than nothing. At least the press release seemed optimistic enough that I don't expect a blow-up this quarter.

MC



To: Paul Senior who wrote (35776)11/11/2009 2:06:47 PM
From: MCsweet  Read Replies (1) | Respond to of 78748
 
ABIX,

Even though the stock is a little down since the release, I was actually thrilled with the earnings. Given the recession and the lack of storm activity, I expected their earnings would be way down.

I am happy holding them below book and a reasonable PE here given depressed earnings. I had actually been lightening up a little prior to earnings.

MC


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