Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Technically, OMG looks strong, but it is no longer the uncommon value it was earlier this year, so right here I have stopped following it. Mind you, sooner or later, the weakness in aviation (super alloys for jet engines) may reestablish itself, the other important part is precious metals (particularly catalysts for automotive) both are critical drivers of their business and could weaken.

They seem to be selling at a great discount to book, but I think that book might still have some $200 MM in it that may be peeled of, and and I have not seen a full balance sheet since the major write offs they took late last year. At the time, I thought that post those write off, a fair value should be around $10. $12.5 is too rich for me.

Zeev