Listening to the call, I got the impression that the optics business will be spunoff into a seperate company. The valuation of the business, as compared to competitors, is not realized in the current market cap. Interesting. Very well positioned company.
valuations for optics stocks go higher and higher. The valuation of this company given its place on the technology curve is almost hard to believe, in comparison. The fact is this stock is not on the radar screen of most optics investors, particularly retail. Not yet. So we have an opp to accumulate a top quality optics business at very reasonable prices. There is nothing in this space priced this cheap..not even close.
Interesting observation. Perfect timing, ride the wave, raise some capital ( don't just issue shares to existing holders of METHA, but raise 90 to 120 million bucks to expand the bizz with )and create a separate yet related company that is hot hot hot. You bet the Wall Street firms would be chompin' at the bit. This would be a hot issue similiar to FNSR. Down side------since optics has been responsible for the run up in stock, the new company would be a high flyer. The old METHA may be reduced to a small cap stock???
Another issue though is ......who will be at the helm of this new entity and the old METHA???
Can the McGinley super powers do it all?
I for one believe so. Time will tell. The entire management team from Chicago Headquarters on down to site managers have pulled off some pretty awesome stuff before so I am confident that this too will be executed well. But after listening to part of the conference call and reading all the press of late, I here nothing about new products outside of optics, expansion of existing lines in other facilities, enhanced people development, year 2000 quality and productvity issues.....some of the very things that helped METHA grow from the ground up these past twenty years. One only has to pick up the WSJ to realize these issues are hot as well.
Meantime, I see the stock flailing about at these prices looking for direction before the next move up. Volumes are averaged up but begining to wane. Profit taking will no doubt take its toll so I see a drop possibly back to 21 to 24 (I hate it when people guess stock values but I want to do a bit of prognosticating myself, so humor this old man)but I could be just a worry wart basing this on METHA history. I still remain long on this. This is still an optics bargain and a well kept secret on Wall Street.
Could we hear from some auto folks down on the farm? What do we know in western Illinois? I heard something about ventures spoke of at the annual meeting in other countries. This is third party news but I believe factual. What is the word there? Or is auto old news?
I'll be gone a while, me and the Mrs. are off for a little sunshine on one of those big boats. You know, those all you can eat, sleep, drink, party, etc.etc.etc cruises specially designed for us older folks. Yee ha. Joined one of those travel groups and got some pretty deep discounts. Sort of an early Christmas present. If I can go online while afloat, I'll check in with you all. Otherwise, see you in a couple of weeks.
To all you late boomers and early genX'ers, SS is now age 67 for full bennys. Y'ouch. My kids are gonna have to work longer to pay for dads retirement. Ah......sweet justice. Gotta love it!!!