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SL Industries Inc. Message Board

  • steve_382 steve_382 Jun 28, 2012 8:47 AM Flag

    Buyback results

    Looks like they only got less than 1/2 of what they wanted to buy. So, everyone thinks it's underpriced, but no one wants to bid it up.

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    • Yeah, about 40%. Apparently a lot of people think as I do: I have little faith I know what is going on, and I don't want to be taken advantage of, so I do nothing, neither buy nor sell. I still don't understand how they can afford the $10 million given their potential epa liabilities. I could infer they strongly suspect a very favorable outcome, but I have no wish to get more involved with Steel Partners.

      Anyway, congrats on the $12.00 buy. Incidentally, I did make some money on Steel Excel, but I sold out my position there after they made some questionable acquisitions. I do have you to thank, Steve, for the money made.

      • 1 Reply to algo41
      • I bet I have done better with your picks than you have with mine, but if you made any money in this market, that's a good thing.

        I am in about the same place with SLI as you, neither buying nor selling. The market and world economy are both kind of in flux for the moment, but I am starting to be a little more positive on both. I have a couple of stocks that held up, but about 7 or 8 that have dropped 10% or more in the last couple months.

        If you think the world and Europe will recover, you might want to take a look at Hurco Cos. (HURC). I have probably mentioned it before, but if things pick up, they could earn $3 per share on the year and it is selling at $20 right now. Good balance sheet. This was a $60 stock a couple years ago on the same $3 in earnings. I think $40 to $45 in a year could happen.

        Historical Earnings, sorry about the formatting. Q3 and Q4 this year are my guesses, and not worth much.

        Year End Q1 Q2 Q3 Q4 Full Year
        10/31/1999 $0.30
        10/31/2000 $0.85
        10/31/2001 $(0.28)
        10/31/2002 $(1.48)
        10/31/2003 $0.08
        10/31/2004 $0.26 $0.26 $0.26 $0.26 $1.04
        10/31/2005 $0.50 $0.52 $0.45 $1.13 $2.60
        10/31/2006 $0.48 $0.62 $0.60 $0.75 $2.42
        10/31/2007 $0.85 $0.73 $0.81 $0.88 $3.24
        10/31/2008 $1.21 $0.85 $0.90 $0.53 $3.49
        10/31/2009 $0.05 $(0.04) $(0.19) $(0.18) $(0.36)
        10/31/2010 $(0.29) $(0.24) $(0.18) $(0.18) $(0.89)
        10/31/2011 $0.24 $0.36 $0.70 $0.41 $1.71
        10/31/2012 $0.71 $0.45 $0.60 $0.60 $2.36
        10/31/2013

 
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42.77+0.77(+1.83%)Apr 24 4:02 PMEDT