I added a few percent onto my AEC position for $14.84, bringing my cash inside of 20%.
At this stage, it’s a 5% dividend even without further appreciation. I’ve ranted enough about the treatment the stock has received over equity raises and cap-rates – the stock is cheap. I’ll spare you a 6 page diatribe.
4 Responses to Added to AEC
This place is dryer than Cape Verde, circa the 18th century.
From reading your past entries on AEC, your thesis is that analysts are not valuing the company properly. What do you think would need to happen for the market to value AEC as it deserves? Just a matter of time or does it need to show earnings in the more traditional way that investors are used to seeing them?
I think either of those would suffice. Another option would be a merger or takeover by a larger business.
The second route here is that the market never values the company the way I would like and I simply realize the gain through the company’s performance by way of dividends and growth – which have been stellar
Hahahaha it begins. Mitt Romney, after letting his opponents run with wild accusations on his tax records for months, is now slowly releasing them.
The only thing better than surrending his tax returns immediately was letting guys like Reid tangle their necks up in crazy theories before dropping the floor from under them.