Long term I agree. I just think the market as a whole is shaky and with overhang of PMFG you will be able to get this below $8. CECE is racking up debt at an alarming rate. I hope after this acquisition they will focus on earnings and organic growth. Also to pay down some debt.
Smart money selling into this. I would be cautious (HOLD). They are buying a debt laden company. Will see what it does after the acquisition. I have a feeling the first few quarters after the acquisition they will be barely profitable or a slight loss.
This one has been on my radar. Morningstar gives it 5 stars. We are now trading at NAV and if you look at a chart for the fund all time it usually trades at a premium of 10% plus. I am a buyer with the .13 monthly payout.