% | $
Quotes you view appear here for quick access.

Art's-Way Manufacturing Co. Inc. Message Board

  • zzwildman zzwildman May 21, 2013 10:18 AM Flag

    short attack on open 50/50 chance for failure!

    on open 6,000 shares shorted in collected attack by blood thirsty shorts looking at month old news by board member Joe Dancy whom had owned over 7% of ARTW with his fund LSGI Advisors and wife. his planned sale of 30,000 shares in poor timing was before announcement of coming purchase of Canadian distributor and manufacture of farm equipment Agro Trend. Joe Dancy before being on board participated in conference calls and is a long term holder of ARTW shares and in capacity at LSGI Advisors advises University of Michigan investments and or classes in financial planning. Looking at sale it was done at bottom before stock re-acted to expansion in Canada and after CEO reported in conference call that even without Scientific's huge $10 million dollar order of last year and profit from same earnings would not be down but flat. With Universal Harvester this being first full year in earnings as OEM manufacturer in replacement reels contributing to earnings. Without knowing details of Agro Trend I have to believe since they have been an ARTW distributor in Canada and a manufacturer of their own farm equipment this purchase will be accreditive to earnings and open up Canadian market to whole ARTW line of farm equipment and possibly Vessels the liquid container division and Scientific the lab research division related to farm animal research etc. I believe at this point P.E. going forward is 10 and ARTW has had a low debt level recently with no short term debt. ARTW has been undervalued this may be just beginning lets see if market shrugs off this attack and ARTW can reach new highs? Do your own due diligence as these are the facts as I understand some of details may not agree with some. I continue to invest in ARTW. Finally it is reported by Joe Dancy he is adding 4,000 shares due to his status on board.

3.04-0.06(-1.78%)May 25 11:12 AMEDT