Aduddell Industries (fka ADDL)

[Utah Carl]

I bought some of this stock for a "hurricane basket." The other stocks in the basket are WMI, HOS and SLB.

The SEC filings tell the story of Aduddell Industries (ref: Yahoo Finance).

Aduddell profited greatly from repairing roofs after Katrina (FEMA). They also won a significant and important-for-them Navy contract. They used those profits to acquire another company that will enable them to expand their scope beyond roofing repairs. It's an interesting story (brief to read) that is outlined in the SEC filings.

The price has dropped around 15% since I bought it, but I am long (especially during hurricane season). I also like the sound of what they are doing to make their company grow.