I'd sure like to see this board more active. I began buying CODI mid-October and then late December. At present I have 3/4 of the position I'm hoping to accumulate. So I'm about to place a low ball order. I'm not expecting much of the stock as far as appreciation is concerned for the first half of 2008. At these low prices I'm happy to be able to accumulate. Looks to me that the CEO has his act together. There recent purchase of a staff building privately held company is a good example. He stated that the purchase when final will become immediately accretive to earnings. Now that's my kind of CEO. Another stock that I am also accumulating a full position in is CSE. Here again they are organizing the purchase of TONE and the CEO ixpects accretive earnings. So that's my story and I'm sticking to it. Just joshing a tad. Jeannie
I confess. I own this stock. I love the dividend, but the stock seems to go nowhere. Today its up over 3% and tomorrow it will probably give it all back. The earnings are usually disappointing. I just don't really get it. This stock seems to be a different sort of animal. I still have high hopes but it is just so hard to really understand this company.
It is not hard to understand. It is a mirco cap fund with a relativly low price to cash flow. However, the "real" book value is somewhere around 50 million. They paid 10X that, or 500 million for the companies. The other 450 million was spent on "goodwill" and "other assets". So, if all goes well the cash keeps on cranking, if things change we have very little to rely on.