If U put back the money they sank into Indonesia (wouldn't surprise me if they have further writedown on that asset BTW even with the verbiage they put in about it) and put back the devaluation in currencies, this thing is trading well below cash after paying off debts.
Unless things have changed since Gene's passing, I would not hold your breath for a family buyout or repurchase. Maybe a dividend but not sure if they would even consider that (one would hope with their cash hoard and Indonesia not working out but so far no cigar).
Pretty amazing what the business has done though in tough times! Bradken has deteriorated close to the point of collapse and other big players have been hammered on their balance sheets.
AYSI has done the opposite, piling on cash even after throwing millions at Indonesia and 'losing' some in terms of currency devaluation with their biz mainly done in Aussies.
What could have been... Nice to see that operationally they got it done for a consolation prize. I can remember back in 2007 when a $2 mill revs quarter would have been huge LOL.
Push for a div if you can bend any ears, I think it is the most plausible route of all the above mentioned. Maybe things will change.
All IMO only, thanx for the good work. Good luck.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog