AEY, I sold AEY afterhours when the news came out that they were selling their cable division, and buying the telcom biz....around $1.53. I was actually a bit pee'd off that they didnt just sell their wireless biz too, and return all to shareholders.
Adding some AEY. I think this is a good gamble. Could see a spike to the $2's or $3's this year on 5G hype. With limited downside as they're selling their cable business & building for $15M, which is the current market cap.
AEY still looks like a good one to accumulate in the $1.30's. Company selling their cable business & associated building for $15M, which is the current market cap. You're getting the remaining business for free...so downside appears limited.
They're now focusing on telecom and 5G, and have already made a couple of acquisitions. Earnings last month didn't show much, as expected. But now AEY should have 4 favorable comps coming up. The first of which will be out in 2 months. The new acquisitions are supposed to add $20M/year to revenues. So they'll at least report a big revenue increase, which should give AEY a pop. Throw in some 5G hype, and I think this low floater could spike up to the $2's or $3's later this year.
I added some AEY this morning on this PR. Nothing major, but I like the quote from the new CFO:
Kevin Brown commented, “ADDvantage is an undervalued business opportunity, with an established presence in the telecom market where there is significant opportunity for it to expand its services, secure new customers and grow both its top and bottom line. The recent acquisition of Fulton Technologies represents a significant milestone which, coupled with divesting the Cable TV segment, is expected to create a stronger company with improved growth prospects. I look forward to using my experience in the telecommunication and services sector to work alongside Joe to implement the Company’s strategic vision to continue to solidify, enhance and expand our Telco segment operations.”
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