Ineficient Market/Liquidity I can find no negatives for this company in the next 12 months, quite the opposite, and I have scoured the Sedar filings.
AM leased a facility in Ontario to produce wind turbine components for Vestas and Vestas is providing the funds to cover materials, as part of the contract. The production began in January, so some of the start-up costs would have been incurred in Q4 2011, where AM reported the best earnings of the year and cash of $14.8 on the balance sheet at year end.
We are weathering some relatively large selling of an illiquid stock, plus as they say "lower analyst coverage reduces visibility and makes the market less efficient." This company really deserves some coverage.
If AM can get rid of the sellers, the stock should rise with the next quarterly report, announcement of the next dividend and probably the next special dividend.
Last night another analyst on BNN, Barry Schwartz, sang the praises of the auto suppliers saying "auto parts makers will survive and thrive". One of his top picks was Magna.
Do your own dd and beware of some of the scaremongers on StockHouse. Too many times I have seen them do some damage, only to see a stock bounce back on its own merits.