Hey accobouy, I think you probably got in good. Something is in the wind. Sale/merger/??. Stock was 14-17 before sale of Chemdal. That was a 3 million dollar sell off, leaving about 3 million left. Stock should be 6-8 now. A sale should drive it up. I'm guessing 9-10 for a short time if a sale happens. What do you think of that analysis?
hey beno i got in again last week, although at 5.5; i was hedging some of my tech plays; but i've lost almost as much ground with aco..what gives? are they gonna sell this thing? whole or just nano ? 3rd q? at expecatations or above?
I agree that getting in at this price is a good idea even if ACO doesn't sell part or all the business. If it doesn't sell, the price will drop but how far depends in part on sales & earnings posted between now & the announcement of the decision to continue as ACO.
See my post 293, & others around mid-April to mid-May or thereabouts. We had a long discussion here about ACO's prospects & msg 293 is still my opinion. OneG
It was undervalued, with a PE of 3 in a market of PE's of over 100. However, I am unsure of the reason for the sudden interest. I'm only hoping it continues. I held onto my stock after the sale to BASF, because the company basically gave us cash equal to the share's value. So for those of us, who have been in it for a while, any increase in the share price is basically free.
The sale of this company, if it occurs, could mean high results for the stockholders. The good news, for us is that no one is really following this stock yet. I think you are still safe to get in.