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MikeDDKing

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MikeDDKing

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Re: ST Trader post# 554

Monday, 11/16/2009 10:52:08 AM

Monday, November 16, 2009 10:52:08 AM

Post# of 607
While the numbers for the quarter weren't the greatest I think this selloff is overdone.

They announced their biggest order from WalMart in the quarter which will ship in October and November of 2009.

A good chunk of their Q3'08 revenue was from their fireplace products which are now discontinued.

They just reaffirmed their guidance on September 3rd for 2009 EPS of $0.14-$0.16.

Their book value is $0.93/share.

Trading in the mid $0.70s doesn't seem justified.

I'm currently on the bid at $0.64

Mike

Visit my favorite boards:
SwingTrade - #board-1781
VMC Motherboard - #board-3251

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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