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Assurant Inc. Message Board

  • daweiss2 daweiss2 Sep 22, 1998 5:12 PM Flag

    falling stock price

    Does anyone know why Amcast stock price keeps falling???It seems to have good fundamentals and Speed Line appears to have a positive effect on earnings. Where is this stocks bottom???

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    • I am actively accumulating and averaging down
      through the drp with lots of hope for the future. I too
      have great expectations based on efforts in automotive
      industry primarily. I would love to hear others' (current)
      take on their situation.

      Don't have much to
      offer - the only reason I can see for the price
      continually dropping is that it is being beaten down as a
      small cap in this uneasy market. Many are probably
      leaving this one for something on higher ground
      (blue-chips, bonds or cash). There may also be some
      correlation with institutional ownership and the changes in
      the analyst ratings. I haven't looked lately to see
      what insiders are up to. Maybe I'll do that now.

      • 1 Reply to austin81
      • I've been wondering about this one also. The only
        addition I can make is that there's not much cash and they
        are levereged (Total debt/equity approx. 1.2) Also,
        the strike hurt quite a bit and it will take a while
        for that effect to dampen out. Who knows where it
        would be without the dividend, which provides some good
        support. I wouldn't expect it to trade at a yield above 4
        to 4.5%, which would be at price not below 13?

 
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