Eastern Company EML

Industrials

The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America.

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Eastern Company > Another 22MM $0.22 warrants expire in Mar-May

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Comment by ghislanderon Feb 15, 2008 11:44am

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Post# 14379587

RE: Another 22MM $0.22 warrants expire in Mar-May

But if they exercice the warrants,they are sitting with the shares on their lap(or not?)if they"don't care"they will sell as soon as they can(at 40 or so) So when will the true value of this company come through? They have excellent assets(Atomaer,Brazil iron ore,Ecuador) so why sell at 0,28(today) and perhaps buy again at 0,25? Isn't it better to be patient and sweat it out?

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