Thursday, October 19, 2006

Possible turn-around

With the markets at or near an all-time high, finding value stocks becomes a bit difficult.
One company appears to be trying to make an about face from a two year low. Eventhough it is heavily shorted, if it's present trend continues, we may see a short squeeze, thus sending the price up.
The company is A.S.V., Inc. (ASVI), selling today at 16.60, it is engaged in the design, manufacture, and sale of track-driven all-season vehicles.
Good chart with support at the mid 14's level, fair volume (400,000 avg), fair P/E at 15, about 1.5 points above the 50 DMA, earnings have increased over the last 5 years.
A stock worth looking at.

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