PTRY currently in proxy fight... could signal true change on the horizon. Potential for sale/lease back of properties to unlock cash. Like SPCHA a very low P/S indicates a potential for a huge move if profitability can be unlocked.
Private equity tried to buy ALCS for ~$14/share but shareholders voted against it... very rare occurrence indeed! Horrible recent quarter but like SPCHA it has strong potential if it gets its act together.
"If you accumulate 100 shares at a time, it will be a pain and rack up commissions and take lots of time."
FYI... this is one reason why I now have an interactive brokers account. Commissions are $1 plus exchange fees. It allows me to actually trade low volume stocks because if my limit order doesn't execute fully I don't get killed by commissions.
It seems I've invested here for the same reasons as you.
If you like low P/S stocks here are a few I've been following:
JAKK, ALCS, PTRY, NOR
Any thoughts are appreciated!
I remember at some point people were dreaming about the potential for Oil in the UD. Onshore, where it is a bit cooler, could this be a possibility??? Now, wouldn't that be a pleasant surprise!
Sentiment: Strong Buy
This company throws off LOTS of cash (prior to Capex)... Interest payments a small fraction.
With oil prices remaining stable around $95+ this looks like a steal at $22. I just hope management keeps lowering the debt rather than entering SE Asia!
Sentiment: Strong Buy
Why are the SYNM shares not trading at 4.14?
You have effectively sold a put option on REGI. You have some small upside if REGI goes up... but you have substantial downside if REGI goes down. I'm betting REGI goes down over the next 3-4 months. Plus, good luck at getting your distribution of REGI shares... with all the shareholder lawsuits - they will probably need to hold them back and use them to pay the lawyers and ex-shareholders. I'm betting REGI goes down and full shares don't get distributed. I am out of SYNM - good riddance.
Does that impact NOR interest payments?
Unless the Aluminum market tanks... NOR has time to fix this... debt not due until 2019 (and covenants do not trigger a default). And, we are still cash positive today. Not sure why we are taking a 9% haircut today???