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Alloy Steel International, Inc. Message Board

chris_cs16 1 post  |  Last Activity: May 26, 2016 12:44 PM Member since: Aug 21, 2001
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    RUBI Undervalued

    by chris_cs16 Feb 10, 2016 12:41 PM
    chris_cs16 chris_cs16 May 26, 2016 12:44 PM Flag

    RUBI undervalued once again and I'm buying back some of the shares I sold when we saw $20 earlier this year. This seems to be an over-reaction to the CFO leaving. Frank runs this ship and it appears as though Todd Tappin was looking for some more responsibility in addition to his CFO role. The opportunity he's going to give him that as the President. A 10% discount on top of an already discounted price is a gift that I'm taking advantage of. Q1 results were well above forecast. Q2 results will likely provide a nice beat as well. With the company heading into the seasonally strong Q3 and Q4, I don't expect we'll be trading at these depressed levels for long. RUBI leads the industry in quality, the industry is growing significantly, video is an ever growing opportunity, and they haven't even started monetizing all of the data they collect. Cash continues to build as earnings and cash flow come in ahead of plan. Once again trading at close to 6x 2016 EBITDA of $80 million. Too cheap for its growth...

    Sentiment: Strong Buy

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1.180.00(0.00%)May 27 3:53 PMEDT