Call was very GOOD. Sounds like they have their hands around the business and we are coming up nicely from the down turn the economy took. $125 MILLION in cash on the balance and NO long term debt, sounds like we can expect improving sales and continued reduction in costs. They sounded professional and reasonably optimistic, expect they are being VERY conservative given the down drift the economy took.
I would like to seem them use some of there cash and expand the product line. Very interested in some of these E vehicles that are out there. Polaris is selling some and Bust Buy has started selling E motorcycles. Best Buy could be an INTERESTING OEM if ACAT could sign them.
Also answered a question on what they were thinking about doing with all the cash, and they are considering dividend reinstatement and or share buy backs, as well as OTHER logical uses of the cash. My vote would be to buy an E motorcycle company, or do the share buy back versus a divided.
Looking for a GOOD growth catalyst from ACAT, but will be adding. Believe the business is SOLIDLY on the way up, and with a share buy back or new product we could be off to the races!!!
Okay, I bought more this morning, you guys are free to announce plans for the $125 MILLION on the balance sheet.
How about $60 Million for approx.. 5% of outstanding shares at average price of $15 dollars (Do wonders for earnings per share). Only to be exercised as management perceives an undervalued stock price (LIKE THE PRESENT STOCK PRICE). That leaves you with $65 million to go buy somebody to expand the product line, along with some small borrowing if needed.