RE:Call me Old Fashioned BUT...Past is irrelevant. Board has changed enough that previous mis-steps should not be repeated and debt has gone down a lot which provides more security for the doubting thomases that tanked it last year. Future is the only thing to look at, both for ALA and the market.
Johnwith30years wrote: I am interested in the future of this company, not its past. And the great part once a stock has crashed it takes sometime before th emarket is willing to rationally consider the upside - hence a superb buying opportunity last December. Now the focus shifts to how much more is in this stock and that is where I try to apply my analysis of future value. Any stock where I can see a 40% increase in value as a probability within 12 months certainly hits my radar. I like a little income while waiting so I roll partial optios and rake in a 4-5% dividend while I wait. Then when I hav ean industry that is not too vulnerable to foreign trade trashing talk and has regulated returns and long term contracts plus growth and expansion of markets as part of its fundamentals - hey why look back. Just don't have a general market crash, or interest rate spikes and 28 is in sight over 12-18 months.. IMHO