AZZ is in dangerous territory. In 3 quarters time, at the present rate, the cash will have run out, unless the company gets some kind of a substantal cashflow going, which they are not at this time. So in my view, Antares is nearing the danger zone. And if this now were such a great investment, why did our chairman, Mr Elliot, not buy common stock for his money, but convertibles at 95% face value? Because, as I have stated before, these convertibles owners, as creditors, will take over this company when it fails. The market has also recognized these facts, hence the serious drop. With keeping the faith alone, one does not keep ones assests intact, hence I, shareholder from the Roebuck days, decreased my exposure in Antares by some 40% last week. However, with the further drop today, I would consider AZZ a speculative buy for newcomers, keeping in mind one should not have to many of these shares. 5-10% of a portfolio. Tops, depending on ones age and position. Rgds
AZZ Price at posting:
0.0¢ Sentiment: None Disclosure: Held
