Solid report today, and before they did much out of their automotive OEM rampup with GM and F.
This has never been an earnings play investment for me but rather a cigar butt assets play. They have tons of assets (including nice properties), if they can ever figure out how to corral them into operational efficiency and long term cashflow.
Now if only someone could convince the old man to have a more aggressive share buyback plan in place instead of scheming up another project like the burdensome Eyelock... Maybe some day Eyelock will do something but it has been nothing but a cash burn as far as I've seen.
Bought back a few flip shares at $5.75 today. They should have a one time tax gain coming from the revaluation of their deferred tax liabs and it looked like some automotive numbers were generally decent for their EVO considering the models. Still tough to know how this all ends up with the old man chairman but figured I'd add a few around a core position I've held since Oct 2016.
Should have over $2/share in cash after Q4. Not much debt at all. Lots of valuable assets including nice properties that are owned. Just wish they'd buy back their own shares instead of try to go shopping all the time.
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