GREY:ATBIF - Post by User
Comment by
jfallenangelon Mar 04, 2008 7:23pm
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Post# 14596402
RE: WTF is going on? Are things really so bad?
RE: WTF is going on? Are things really so bad?Not worried at all. You are two months into Q1, mgt is doing exactly what they said. Q1/08 earnings are 2/3 months in the bank and will be 0.41 cents verus Q4 2007 earnings of 0.32 or 30% growth in three months.
Look at the risk to reward right now, worst case downside risk is 16.00 based on 1.60 earnings and a 10 multiple. As the market recovers slowly or even if you just wait 52 weeks as the earnings and growth are factored onto the balance sheet this stock will reflect its true value. In the interim you have the divisional sale to trigger a short term rally.
Bought more today, the stock now represents my largest holding. This is a solid 2-5 year investment, buy it cheap and give the company time to deliver.