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Kobex Capital Corp. Message Board

  • gardneredwardmark gardneredwardmark Oct 8, 2003 2:42 PM Flag

    FORBES - comments

    Looks like this entire board also wants to buy; well, I just bought also. Saw this in Forbes, thought I would share.

    >>>A number of UNDER THE RADAR stocks are also on the fast track to becoming the BIGGEST BENEFICIARIES of the economic rebound. Example: IMCO Recycling (IMR), the world's largest recycler of aluminum and zinc. Despite a difficult economic environment, this company has remained solidly profitable yet the share price remains mired below book value. Because aluminum use has increased by a factor of 18 since 1950, making it the world's second most widely-used metal, we think the stock is well positioned to soar once the economic recovery takes hold.<<<

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    • Well - I just sold at $8.20. I bought based in large part on Commandor's suggestion along with modest dd of my own. I appreciate knowing what actions he took since it was his recommendation that caused me to buy.

      Personally, I'm not complaining. I bought at 7.05 on 9/17. A gain of 15.5% in just over a month is something I wouldn't mind doing again and again.

      None of this is to say that IMCO doesn't have a bright future. Good luck to all longs. I will continue to watch and may reinvest in the future.


    • Thats fine Commandor, my point was its probably somewhat of a safe investment in the longer term as well. You did what you thought was right. Good for you. Just don't forget about this stock.

    • Was your father a member of IMCO's BoD's?

    • Doesn't matter. That jerk didn't cause IMR
      to rise anyway. He one of those chicken
      littles who sells short. What he may not be
      aware of is this stock is about to make a
      dramatic rise over the next year. Aluminum
      is rising in price...did you see AA's rise this week? That will tell you something. The bulls
      are about to reign in the industrial sector.
      Thats what Forbes magazine was saying about IMR. IMR is prime...they restructured their
      debt and are taking advantage of their opportunities at the same time, as well as trimming their fat. And its about time. Good luck to all. To those short timers, thanks for paying my taxes. You won't make nearly as much
      by selling out now!

    • You sell while telling everyone else to BUY! What a jerk.

    • Now that's a coincidence. I tried to buy Data I/O a little over a year ago at under $1 in my one of my retirement accounts at Merrill Lynch. They wouldn't let me because it was under $1 and I guess they felt it was too risky for my account. Ticked me off. I should have bought it in my other account...but I didn't. So I've been kicking myself for not buying earlier this year...but maybe there's still room to profit.

      Anyway, I did own DAIO once. I bought it close to 3 back in '93 and sold in the 7's in '95. I lived outside Seattle and my kids played soccer across the street from their offices in Redmond... which I think they owned at the time but I believe have since sold.

      I don't know the CDCY symbol, but I'll look at it.

      Thanks and continued success to you.

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