Please explain to me why you are long this stock. It has been a horrible investment since it's inception. What are you waiting for? do any of you really believe that there is some major market correction awaiting AWE? face it, the market has had a huge rally and yet AWE is still stuck in the shitter.
It must be one of two things.... Either you're all hoping for a buy-out, in which case I fail to understand how shareholders will be rewarded. I hope none of you believ that AWE will get anything much above levels at the time of the transaction. Or you just think the market is wrong and has been since AWE's IPO. To that I say the market IS NEVER WRONG! The price is what the price is.
There's really only one reason to own the stock: every analyst, and by every, I mean EVERY analyst is negative on the stock. I don't care what most analysts say but it is definitely worth noting when they all line up on the same side of the trade. When they are all negative, it usually marks the bottom. When they are all glowing, it's time to sell and move on. It's not like there isn't a story here. There is. The story is margin expansion and cost cutting, FCF and if all goes well, an acceleration of earnings in 2005 similar to what NXTL saw in 2002. If that happens, this stock will rock. But I'm with you, the inability to rally in a frothy market is very disturbing. That being said, I don't think it will tank along with the market when that comes. And it's coming. Soon. Very soon.
There's a 100% return to be had here. It's just going to take 2-3 years to see it. Personally, I don't give a rats ass about a buy out. If it comes, it will be a massive disappointment because there is no way that this stock gets into double figures on a buyout right now.
())>-I don't think it will tank along with the market when that comes. And it's coming. Soon. Very soon.-<(()
I think you are right. I have been in AWE for quite a while and have added over the last several months. I see it as undervalued and almost as a defensive issue in what appears to be another bubble market. Maybe I'm just paranoid after barely surviving the last mess but regardless I'll error on the side of caution.