RE:RE:RE:RE:News!!!Just wanted to add that my comments were intended to speak to the larger picture. Yes, the signficant investments made over the last couple of years have yielded excellent results.
However, ask yourself, is management (Stan Bharti) interested in increasing the share price at the moment? The last quarter results weren't even worthy of a news release, not to mention even bothering to tell investors about where they stood with the LIX sale and what the plan was with the shares. It would have been nice to know how they planned to vote, if they were keeping all or some of the shares prior to the meeting, etc. Nope, dead silence, and investors are forced to cobble together the information based on NR's about which private placements they're taking part in. Furthermore, their website hasn't been updated in almost two years with a new investor presentation or even links to NR's in 2016/2017.
I think this type of behavior hardly instills investor confidence or enthusiasm, which is what is ultimately needed in order for people to pay up and send the share price higher. Its tough to convince people you're hell-bent on closing the gap between NAV and SP when you continue to show this level of disregard for your shareholders. I know this is being harsh, but they deserve the criticism. No other way around it.
So does this mean I think AAB is going down? Or the fundamentals aren't good? Not at all. The company is in the best shape its ever been since I first bought a share 4-5 years ago. Stan didn't buy 20% of the company because he thought it was going back to a dime. That being said, even if we're at $0.25-$0.30/share, that might be on the back of a $0.80+ NAVPS value. You're getting a great deal and tons of downside protection, but the reason you're getting it at a discount is partly due to the terrible communication, among other things.