Monday, January 21, 2008

Brace Yourselves

If the U.S. market follows the action of foreign stock exchanges, then we are in for some pain.
Expect tomorrow to be one of the worst days and this trend may continue for a week or so.
Wrong time to panic and sell. This could possibly be the worst time if you are long in the market and a good time to start looking at buying opportunities.
So, batten down the hatches, weather the storm and don't panic. Good luck.

Monday, January 14, 2008

Are You Still Holding ASVI?

If you were patient enough to stay with a long position on ASV Inc. (ASVI), then your ship may have arrived. This morning, Terex Corp. announced its intent to purchase ASVI for 18.00 per share, a premium of 46% over the Friday's closing price.

On 10/19/06 and again on 10/31/06, ASVI was mentioned in this blog as an attractive stock, originally selling at 16.60 it seemed to be a value company. The housing industry slow down, lower than expected earnings and U.S. markets sinking rapidly, managed to bring the stock price to 4 year lows. At the time, I chose not to panic and hang in there, it worked to our advantage.

For more information on the possible transaction see the following link: