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Universal Security Instruments Inc. Message Board

  • drdave01 drdave01 Sep 29, 2008 12:07 PM Flag

    Flight to Safety

    Today's drop is a flight to safety. There is so much fear and so much uncertainty in the market and few want to wait for this company's story to turn around right now. I hope it does but home building is not going to turn around for a significant time.

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    • hard to see it getting much worse than this as the value of their sub is worth more than the whole company

    • I don't think there is any home building going on right now and that means that there are virtually no sales of smoke alarms to contractors. I don't know how the HD sales for replacements are going but current sales have to be way off from last year at this time. The sales environment plus the macro environment means that it looks like a ton of very cheap stocks. The problem is that no one knows where sales are going and we are in a recession. Multiples have dropped faster than earnings but earnings are now dropping. Ihave not heard anyone call a bottom with any conviction. Monday's gains wiped out on Tues and Wed. Micro caps like this one look really cheap but so does GE and Google.

    • Another way to term flight to safety is sheer panic. UUU did very well last quarter even with low building rates. Stock is very cheap, great time to buy the panic and hold imo.

 
UUU
4.59+0.20(+4.55%)Sep 30 4:00 PMEDT

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