They have some work to do, but they do have things in motion that will turn around things quickly and many are permanent expenses reductions that will improve performance over the long term. I too bought more shares today, not the best investment I've done in the past 12 months, but, think we will still make our money.
Going to my second home in Vermont with Kids flying in from North Dakota and North Carolina, so turning off the puter, but will monitor the price action a couple of times and perhaps add some more.
Recent purchases, DOW, BAC, ERF, BTU, GLW, NBR stalking TSN at sub 14PPS and have owned several times in the past with good results. BAC has finally found it's way and the true turn around occurred this last earnings. 100% upside for what I see as an 18 month hold.
Sold my 6PPS NNBR @ 10.27 looking to buy back below 9PPS I hope. This should be trading at 15pps if we could get some EUR breaks.
Hi Culley, FOE has definitely been a disappointment. However, at yesterdays price, it is worth another look. I more than doubled down. I too sold NNBR once it got over $10 and switched into DAN. I also bought ERF near recent low. Also like CVGI and HUN here. Best of luck. As always JMHO.