GREY:ANSBF - Post by User
Comment by
mapmakeron Aug 15, 2013 11:34am
337 Views
Post# 21673161
RE:Geez
RE:Geez
the quarter was really good. They made 50M in cash, which brings their available cash up to 200M which will help tide over low osb prices for quite a while.
I see the drop as just a OSB pricing correction that was long over due. I feel the stock price will hold around $2.60-$3.00 till the OSB prices start moving again.
The housing market doesnt look as promising as it did before so people are selling instead of waiting.
ANS will just follow the osb chart like it always had. I think ANS was very smart in stockpiling cash instead of making debt purchases or shelling out a dividend to try and appease shareholders. This is just a good stock to hold and forget about at these prices.
I bought some more ANS this morning.