My wife drove me to the doctor today for a post op checkup. On the way we drove by TWIN's home office. It was a trip down memory lane for me, remembering when my dad took me with him on sales calls in the early 50's when I was 10 to 12 years old. It was one of his ways of teaching me interaction with adults in a business setting. Building looks the same as it did then. I've been there as an adult many rimes over the last 40 years doing my own business. I guess when you hit 70, childhood memories are more important. When I got home I bought 2000 shs. near the close at $18.83. A sentimental add to all the stock I own in the mid 30's. Hope it all works out for all longs. I never understood the 22% short interest but give the devil his due. They have been right & I have been wrong. Hope you all have a nice eve. Regards, George
It's not just TWIN...so many of my stocks have been cut in half, and all are small/medium enterprises that are profitable. 2013 could be flat, I dunno. But looking at my portfolio and seeing all of these P/E < 7 really seems f$#ked up. Apparently not much faith in the long-term economy...or else stocks are just getting sold down into oblivion on panic. The big blue chips have held in there (DOW still above 12K) but I'm worried the hit the smaller techs, etc., have taken is an indication of where it is all headed
George, 18.83 will turn out to be a fantastic buy even if the price drops 5 or 10 more dollars after this. Battens led TWIN through 2008 with the company in much weaker position--they will lead it through the neverending Big Fat Greek Default as well. Only thing to do is keep buying if it drops and thank our lucky stars later that we did (well hopefully sooner rather than later but at some point it will come zooming back up the charts). Even our buys in the 30s will look good eventually.
So do you head north to the lakes at all during the summer or stay in Racine? Pretty nice summer weather in Racine, too, I expect.