Low float mania really died down this week (other than CSPI ha). Hoping it picks back up again. And I think it will if the Nasdaq keeps flying higher.
AWX might be one for the low float watchlist. They've had a long string of meh quarters. Q2 & Q3 are usually healthy profits. But they lose money in Q1 & Q4 due to seasonality. Annual results around breakeven at best. So the Q4/annual report next month won't be anything special. Boring business too (landfills & golf courses woohoo!). Balance sheet is solid at least, stock trades way below tangible book value.
Here's where it gets interesting on AWX. Their already low float is getting even lower. This dude has bought up over 1M shares!
Not sure what the good doctor is thinking here. Maybe he's an eccentric millionaire who just likes the golf course? I'm curious to see if he continues to buy in his next filings. If so...things could get real interesting on this one. Those of us who remember AWX from years ago, remember that crazy multibagger run in the span of a week. From like the $3's on a Tuesday to a premarket high in the $30's the following Monday. Back when Guy Gentile tried to buy the float and orchestrate a pump & dump. I remember it vividly because I was short. Ouch!
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