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


To: E_K_S who wrote (56017)9/8/2015 4:01:50 PM
From: Paul Senior  Read Replies (1) | Respond to of 78748
 
AP. I've been adding as stock has been falling. Today my ninth small add.



To: E_K_S who wrote (56017)9/19/2016 1:52:48 PM
From: E_K_S  Read Replies (1) | Respond to of 78748
 
Ampco-Pittsburgh Corp. (AP) - upped my small position by 50%

Did a small Buy on AP @ $9.47/share which now yields 5.3%. GN value model shows a FV at $37.00/share but more importantly the yield is at 5.3%.

The value for me is w/ the yield which may/could be cut if they can not turn earnings around. This is a modified GN calculation as they have reported losses 3 years out of the last 10.

As with many of the other steel companies, they need a recovery in steel prices. The company completed a recent acquisition for manufacturing/distributing in EU so that may/should help stabilize earnings so they can keep them positive and growing.

EKS