Wednesday, June 18, 2008

Time to Drop AINV

Apollo Investment Co. (AINV) has turned south, broke below both the 200 and 50 DMA's in one day. The chart does not look so good.

Holding on to a 5.2% return in less than 4 months, I am ready to let go. Time to sell, this morning trading at about 16.40 down a fraction, new signs of weakness.

Monday, June 16, 2008

Still Bullish on USU

Six months after comments on this blog about USEC Inc. (USU) and experiencing a 27% "paper loss", we may see daylight sometime in the near future.
An article on "The Motley Fool" is like a breath of fresh air after a period of uncertainty.
It will be interesting to find out if a contrarian view proves to be on target for the next move on USU.

Thursday, June 05, 2008

AVT Bounces Back

Avnet Inc. (AVT) appears to have enough bouncing power these days to recover from the April 15th 12% drop. Yesterday's closing price of 30.33 could be viewed as a "dead cat bounce", however, the decisive break above the 50 DMA could signal a recovery.

Avnet Inc. (AVT), together with its subsidiaries, distributes electronic components, enterprise computer and software products, and embedded subsystems primarily in Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand.

Some of the positive aspects are:
  • Volume at approximately 2 million average shares/day
  • Reasonable book value
  • P/E of just under 10
  • Current price at 32% below the 52 week high
  • Good fund ownership, increasing interest for the past 4 quarters
  • Earnings have risen consistently since '02

This stock could continue its upswing and bring good returns in the next few months.