I did a lot of AWX trading yesterday. Sold it in the mid-high $4's, then kept buying when it would drop back to the low $4's. Held a few into today, but sold those in the low $5's. Hopefully it doesn't go to $10 because it's possible in this low float insanity. No clue who would chase this thing with earnings next week. Q1 report should be sobering as revenues likely flat to down, with a loss from operations.
AWX posts a nice quarter. Earnings of .18/share (due to a gain on PPP loan forgiveness) vs. a loss last year. A week ago, this low floater would be spiking higher. But low float mania has def cooled off.
Maybe she won't do much. I'll continue to accumulate as should be a great set up heading into their seasonally strong Q2 & Q3. Normally those are AWX's big profit quarters. Q2 in particular should be a fantastic looking comp as that quarter was hurt by covid last year. Now the economy is rebounding. Plus there's still $900K in PPP income to be recognized in Q2 or Q3. Will goose what should already be a healthy profit. AWX has some of the most sound fundamentals of any low floater, with tangible book value over $9 including $1/share in cash.
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