GREY:ALARF - Post by User
Comment by
SunsetGrillon Jan 04, 2019 9:19am
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Post# 29185461
RE:Under valued
RE:Under valuedNo material reason?? - The markets just had their worst qrt since the world was coming apart in 2008. The markets dont need a reason; but if they did it would have been "world wide selling". Look around - this is not the only stock at book and 9x earnings. The market is not going to go to AD first; they will be going to faster growth names in a turnaround (energy and financials are just as cheap/cheaper than AD; with more growth). This is a divy stock as part of an overall portfolio 10% divy - sit back and collect it - and if its so cheap buy more.
BTW - analysts always talk about a balanced portfolio - but do you notice when a bear comes EVERY sector gets smashed and it falls apart - so you can throw that expert advice out the window as well (along with many other pieces of advice you pay for). DYODD
PS I added @ 16.50 and selling at 17.50 (hopefullY) to reduce overall avg costs and collect 10% along the way
gvixid wrote: After the latest partner was added in November we rose to $19, then over the next 6 weeks we dropped back to 16-17 for no material reason. Stock is trading at book value, which corresponds to 9x earnings. Ridiculously undervalued by any metric compared to its peers. We need multiple expansion to rise back to normal levels, but market still won't buy the story after 3 years in the penalty box. Management has cleaned up the dirty files and is adding solid partners that are accretive to revenue. Balance sheet is the best it has been in years. Something doesn't add up