Posted this back on Aug 5 and the price was $2.13. Still waiting to buy back but none of these questions have been answered yet -
Aug 5th - I want to buy back in but it's tough to catch a falling knife. I don't see any rush to start buying. I have to see signs of a bottom first and at least a few of the following questions answered. I live in the northeast and we haven't had our air conditioner on for 2 weeks now. Looking at the 10 day forecast, it doesn't look like we will need it on over the course of that span either. It may well be a lost season and if refrigerant companies are forced to carry a glut of freon over the winter that they bought at higher prices, what affect does that have on earnings over the next 2 - 3 quarters? Will they have to mark it down? Do they try to dump it on the market in 2014 at lower prices? Is a price war coming in the spring? Do these artificial freon gases they talked about in the conference call keep cutting into demand for R-22? Is another cold spring on tap? When does it start to pay off for customers to start recycling old freon? How low does the stock price go during the November - December tax loss selling season? These are all legitimate questions that need to be addressed before I start buying Hudson again.