I think the stock has over corrected and is a good value here but that is just the start. I think after the 4th and 1st Q's are digested this stock starts growing again both revenue and earnings wise. The liquid products I don't believe are factored in yet and the franchise is solid. I also believe that we may see similar agriculture divisions spun out soon from other companies that will change the value equation here. I believe a purchase here has an excellent risk/reward proposition.
There obviously is no buyout offer causing the stock to drop. However Chemtura's ag division is being actively shopped and rumor has it there are multiple suitors. That division is very similar in size and scope to AVD and I would expect whoever loses out on that to look at AVD. I use to think this stock had a $50 minimum of valuation if run correctly. However with the recent performance of management I would welcome a buy out at $35.
The present management team is a combination of naive, inept, and arrogant. Very bad mix.
Steve, I was just thinking the same thing. If it is indeed a lousy report then I am going to unwind the remainder of my position. Not because I don't think the company will do well the next 18 months but because management is clueless.
That we broke through significant resistance at $26.40, this should now go back to $29-$30 pending further positive developments. Still extremely undervalued because it is well run and solid. However still poorly promoted and no clue how the investment community operates.