Atlas Engineered Products Ltd V.AEP

Took an initial position

[ddogold]

This week . Question to savy , what makes you so optimistic that the shareprice could hit $1.00 within a month or so ? Thanks .

[savyinvestor333]

Sorry no gaurantees on timeline Other than seriously undervalued and they are very aggressive on the buyback(They bought a full 5% on last years buyback). Anyone wanting in almost has to buy at the ask and with them cancelling all the purchased shares they are removed from the float forever. So  we end up with a smaller float. Also there is no overhead resistance once we clear $.76- $.78

[savyinvestor333]

Oh also  Welcome aboard ddogold!

[savyinvestor333]

Are you still in Quis and ARG?  I sold my QUIS as I needed a taxloss Have purchased more of ARG over the summer/fallto the point it is my new number 1 holding  just in front of RET.A and CIA  with SLS not far behind on the spec/special situation part of my portfolio.

[ddogold]

Thanks for your analysis . I too see a big potential upside here . Sold both awhile back . Have a chunk of Cts. In the low $4's . Ops . Hwx., Dntl. And dipped my toe back in Exro. But on a short leash .It's a tough market and keep a finger on the sell button at all times . Best of luck and happy holidays to you and the family . 

[savyinvestor333]

Thank You!  And same to you and yours