A Few More Questions Despite claims here that Ï am looking to drive down the price to pick up cheap stocks or that I am presenting a "ludicrous short" theory, I can assure readers of this board that I am only looking for answers. You see I have learned on a few occasions that a companies financial statements and the reality of the stock can be two different things. Due diligence and a great dose of cynicism are an investors best friends
So a few more questions about AM that are troubling me :
- on a day like today when the market is hammered and auto / auto supplier stocks like Ford, Linamar, Magna are all down AM did not budge. So where would AM be without the company keeping the stock price up with their soon ending buyback program
- AM claims that it will have $6 mil in exit costs due to the closure of 2 plants but this does not seem to take into account that it also has $7 mil in lease obligations between 2014 / 2017 as stated in the March 2013 Interim Report - so what product will pay for the leases?
- last Oct. AM's price dropped to $1.62 at a time when the company actually had potential to extend the Ford contract and diversify more into wind energy . Today, when the Ford contract is fading in the sunset and wind production shows no huge change , the stock is at $1.63 - does that make sense?
Again these are just plain questions based on facts. As with my other post, I am happy to be corrected on anything I have got wrong But please do it with facts