. I suppose the thesis for owning and accumulating TXIC would seem fairly strong right now. First, to say it is out of favor, like the china small cap sector as a whole, is pretty obvious. Add in the conventional summer stock market dump, and we get this 4.40 stock price. It would appear that the maximum records exposure, if I can call it that, would appear to be an 8 million dollar issue for the years 2008 and 2009. Investors now will not pay for a single iota of risk in this sector, and for this company in particular. Bad Books is the cursory reason to stay away, a sector wicked witch. On the other hand, the stock seems unfairly depressed for many substantial reasons: First, the china implosion is not happening, and in truth, this was a fallacy from jumpstreet. Just a seasonal reason to sell stocks in the sell and may and go away time period. TXIC got hit with this wind quite hard as an emerging heavy industrial company. Then there is the delay and the uncertainty, which causes all investors to pull the trigger and dump value. Impatience....didn't Buffett say something about this, something about the stock market being a too to move wealth from the impatient to the patient investors. It is also somewhat reassuring that on the whole institutional investors such as Heartland are accumulating, based on the latest June figures. One presumes that Heartland in particular has close knowledge of the company, being a holder and accumulator of over a million shares....if this is worth anything. It must be maddening (embarrassing for this and other reasons) for Management to be in a position where they cannot release information about their own company, which they might consider newsworthy....Just gotta think TXIC offers an outstanding risk reward proposition right now, at this level,...especially given the idea that the audit might be done in the next 45 days....and I would expect the stock to rise in anticipation of this event.....with the current "who knows" status being a negative in the stock...but I gotta think strong hands and the price action shows accumulation at this level...frustrated. FWIW, I did own Born, 3K shares, at 5.5 a short while ago, but sold it due to a lack of price action, and because I could get no real info on the company or earnings.....If it will drop back a buck, retrace half, I might bite the bullet and get some, but I will not chase. And I won't let TXIC uncertainty status be a reason to go elsewhere.....rather it should be a reason to add, to sit tight and be right....any
AI
