one of these days this stock will be 8-10 dollars--the press release was a game changer-- the guidance for the balance of 2010 was excellent and the whole release was perfect! strong buy at current levels- still remains the cheapest stock in my Universe!
naga, good call. I am comparing awrcf to qepc, in that it should be double digits also. QEPC went from .75 to $14 and this company has the growth to do the same. If they can get upgraded off the bulletin board we will see double digits.
as said ~~ cheapest stock in my Universe- with a book value of 10 dollars and that is not total book either and cash from balance sheet of 2 dollars and last years earnings of .73 on 360 million and now .27 on 100 million and the stock is only 3.40--- something is not right, but thing will change for the investor with a brain and a little patience~ on a annual run rate we are talking 400 million in rev and over 1 dollar in earnings for 2010! Management is the most bullish I have heard in the 3 years that i have been involved with this issue~ plan on attending the conference in San Fran Sicko on the 13 of July!
With the huge growth in Asia and a balance sheet to die for and a tiny market cap- the real risk is not being very long~ this stock will buy me a bentley- If we give it a PE est. of 15 forward we get a share price of 15 dollars a far cry from 3.40! Another factor debt has been reduced from 100 million to 30 million or so! shares outstanding still only 13.8 million and amex or nasdaq listing is coming sooooooooooooooooon!
From the S.A. Advisory website, June 2010 newsletter (before today's release)....
STILL REMAINS OUR CHEAPEST STOCK IN OUR PORTFOLIO OF INVESTMENTS. AS YOU KNOW, AWRCF.OB REPORTED REVENUES OF $360 MILLION AND NET INCOME/SH OF .73 FOR THE YEAR JUST ENDED ( SEE RECENT 20F FILING).
Their Thailand sub Charoong Thai Wire and Cable just reported first q results and earned $121 million Baht- awrcf.ob owns 51%, which when converted yields awrcf.ob around .10/sh toward their 1q that will be reported during June of 2010.
Regardless of the current events in Thailand, AWRCF.OB is rapidly expanding into China & growth in the whole Asian area is dramatically out pacing the West. We believe that AWRCF.OB could earn $1.00/sh for the year ending 2010. As mentioned awrcf.ob intends to list on major exchange on or before Feb 011. Once listed many funds will buy this issue- You have been warned!
The press release sure helps. The new investor relations firm is doing a great job on getting the company to make itself visible. Their results speak for themselves as all of us in this for the long term are aware.