A fresh 52 week low might move this from real's 3rd highest pick to number 4. Wait a minute... that looks like at least a 10 year low. Might drop it to number 5.
I still say they were planning to use this to raise cash and now that it is clear that ain't happening...
ibcb I know I tried to warn everyone including you to be wary of ALGI.
This is really a poor excuse for a company. They have hurt many nice folks over the past 38 years or so, including me.
I am glad you saw the light and I hope I had some influence in that decision.
Good investing to you and your family and as always be wary of ALGI.
Oh Oh is right, along with ouch. I've added some titanium along with 15 stainless steel screws to my postion this week to repair a shattered ankle. Oh my. I am indeed a numpty. So just wanted to inform the members of my favorite board I might be spending more time with you all as I limp around the internets. Hey, rough market. Best to all of you.
<I hope I had some influence in that decision.>
I always look for the contrarian viewpoint when I look at a stock. While I never agreed with the viewpoint that just because they failed for the past 38 years they were destined for future failure... there were enough red flags for the present to alter my perception.
Once they sold their soul to the Chinese, the handwriting was on the wall. It doesn't appear they have any independent directors left to look out for US shareholders. The end game now depends on whether or not the dust is any good and can be manufactured cheaply enough in volume. They either walk away from ALTI if the product is not viable or do a "loan" that will be defaulted on giving them the other 49% in the future if there is reason to go forward with the new facility.