Post by
forkliftguy on Feb 03, 2022 3:11pm
Who doesn't like a bargain ?
The Calhoun closure is a one time thing . Although I don't like to see people losing their employment , a company can't run a division at a big loss forever . I like that 1) the number of shares is reduced , 2) They are buying back another 100 million dollars of shares this year , 3) The debt has been substantially reduced , 4) the pension obligation has dropped significantly , 5) The company is very profitable on a per share basis , 6) The management seems focused on correcting any past issues and 7) the stock currently trades at about 50% of book value . I could add many more , but I don't want to bore everybody . I added to my stock position this morning . It is now my secoond largest position of 20 stocks . Whats not to like ?