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Swick984

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Swick984

Re: Swick984 post# 134575

Wednesday, 06/08/2011 11:36:26 AM

Wednesday, June 08, 2011 11:36:26 AM

Post# of 173940
AYSI - Picked up some shares at $0.99 and will add more at this level. Its trading at a P/E of 4 with $0.26 of cash on their balance sheet. Ex-cash thats a P/E of 3...

This was the resignation of a CEO that had been on the job for 2-3 months. If it was Gene who was leaving the company, maybe I would understand the reaction!

A P/E of 3 ex-cash for a non-Chineese company in the growing iron-ore industry in Western Australia is a steal any day...

Good luck to all...
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