AnnoyedIt might be the sweltering heat but when my Blackberry went off over lunch to let me know that my stink bid of 0.24c got filled this morning, I have to admit that I was very annoyed. One, because I honestly wasn't planning to add more AOS today and didn't think it would hit 24c, and two, WHY IS THIS TRADING AT 24 CENTS a SHARE?
Come on - there's bulls and bears on this stock and everyone has decent arguments. However, crude is up to nearly $100/bbl again. What little news we're getting out of AOS appears to be positive. Hanginstone is on the sales block and should help AOS in a big way to finance Clearwater. The approval for the pilot can't possibly be that far away. The company still has no debt and money in the bank. Plus, the value of their land assets exceeds their NAV by hundreds of percent. If AOS sold off all of their land and assets today, you're telling me this company is only worth 24c per share??? Let's get serious.
Boys, I now have a position in AOS that could cause me personal pain if I were to lose it. I started off modestly, should have sold in the 50c range, but believe this company is brutally undervalued. I am not management's biggest fan, but even if the projected growth spurt in this company is years away under existing management, it is still worth more than 24c/share.
Can any of the bears explain to me what I'm missing? I'm sure I'm missing something here. For those of us long, is our money at risk? Seriously?
And can someone turn on the damn air conditioning!!!! I'm hot, tired, and cranky...:)