OTCPK:APHWF - Post by User
Post by
zalmonellaon Nov 06, 2021 1:40am
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Post# 34095217
Zombie comes to life
Zombie comes to lifeGiven $50M of the value is in cash, (and expected to be $59M in a few days once results are released) it seems Anjac paid $268M for a plant that was built for $80M and some inventory. One has to wonder what else was the intrinsic business line that was so desirable as to pay over market for it? I don't suspect any skulduggery, but there's nothing in AHC to warrant this. Maybe some bonus land value when the highway goes through? Who knows?
In any case, it shows the riskiness in averaging down ordinary businesses without wide moats. I made it through this time, but it's a far cry from where I started a year ago at $4.25. Averaging down in the $2s has helped but for those who think $1.50 was a deal too good to pass up, I'd only ask what was your thinking? without this lifeboat, that could have been dead money for another year or more.