It's like a puzzle...
The reason why I am so quiet is that over the past 6 months putting together an investment thesis for AMS is like trying to put all the pieces of a puzzle together so you can see the picture more clearly.
The picture on the box was what Hugh Cleland first said about AMA when it was trading over $1.
So over time, I have watched as the pieces get spread out on the kitchen table (initial investment). As good and bad bits of news develop, I assemble the pieces, then disassemble the pieces trying to determine if I am on the right track and if this investment is going to one day form the original picture I had.
Todays news is a great big red piece that might be part of the fire engine or might be part of the red mailbox at the corner of the street. So I am quiet contemplating how good a piece this is in helping me connect other pieces of the puzzle.
I think it is pretty good news of course because it has been argued by the more bearish visitors that this law suit is very material. As was China, etc. But in this market, it seems that no single piece of news is able to bust the money dam and get those millions of investors over here.
So I think all it means is that we are going to following the same path we were yesterday without the fear of a court case ruling that anything we sell belongs to Star Navigation.
We still need execution going forward. I tell you what would be a great piece of complimentary news...
"China ramps installation crew to 500 technicians capable of installing 100 aircraft per month"
Now that would have me dancing.