With the stock rallying hard today, my suspicion that a hedge fund was selling out, most likely due to redemptions, is almost validated.
Looking at their only publicly traded competitor, LNN, one could make the argument that VMI is 25 points cheap.
Aside from their burgeoning irrigation equipment business, VMI has a galvanizing division, which attracts short sellers– who are betting against metal stocks.
My best guess, VMI has bottomed and should continue to recoup the 20 points it lost, since they reported blow out numbers a few weeks ago.
Long term, “The Fly” thinks VMI will moonshot north of $150, providing the market keeps its marbles.
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Would you agree that DSL is going to 0?
I’m still long LNN from when you first called it. That was a good one! I like VMI too, but don’t want to go crazy with the irrigation companies…
However, I dumped MVIS on yesterday’s rally.
-DT
DT:
I just checked out your blog, via that little television icon near your name.
Ret me guess…
Clickets?
Fly,
My blog is on “hiatus.” Meanwhile, if you’re not careful, I will remove you from my blogroll, thus depriving you of 3 or 4 “hits” a week.
-DT
^is that chinese for “rickets?”
I like VMI, so fly, thanks for introducing us. Def more upside than Lindsey.
Those TV links are rad.
I propose you guys click the links, a lot, to see what is being linked.
I know you’re curious, so click every link you see at least twice.
Getting my share of the billionz…
No, is Amelican fo’ “clickets”
You know, ritter brack bug? Chee-chee, chee-chee?
Symbo’ fo’ quietness?
Where ‘n hail iz zat Flah’s paits?
Oh, hey… what’s on my little TV screen now, bitch? Oh, see that? I’m going to unionize the Peanut Gallery!
I hate the fucking muppets.
-DT
Bush Administration clying fowl again.
Fuck your Union. My elves will do the job for free!
SaNTa,
We want health benefits and 5 weeks vacation.
“Power to the Peanuts.”
-DT
No.
I conquered the Martians, I can conquer you.
SaNTa,
You’re not real. How’s the “tooth fairy?”
-DT
how exactly do you define “long-term” WRT VMI? 18 months about right?
Ho Ho Ho, mah ho’s.