RE: RE: RE: RE: RE: Being set up for takeover ?OFI manufactured fiberglass insulation (see
https://ofigroup.com/). During the housing boom they expanded to meet the demand, bought a new factory, etc.. and took on a lot of debt. When the housing market slowed, they had issues meeting their debt service costs and the stock tanked from $12 or so to
.45. Then they got bought out for $3.05. I think their book value was around $2/shr. After the stock broke $2, it just kept on going down with no real rationale. They were still making money after they cancelled their dividend, their book value remain intact, they had industry know-how, contracts, etc... I figured buy below book, can't go wrong.. bought from $2 down to
.45 and they finally got taken out at $3.