Of course I did. I'm not saying ASB is a poor investment. Rather that the significant shareholder list only tells us that not many active investors are interested right now. Given the wins ASB has had that is probably justified. Production commencing on the first EMS is still some time away and the same goes for the OPC, I doubt either will get started before FY25. There are still concerns about closure costs for Philippines and less so but still worth considering Vietnam closure costs (and write down of goodwill).
The other problem is that the Florida republican congressmen would love the chance to take wins away from ASB and send them back to Fl. That is a reality. I know its long odds but there is a chance that de Santis is the next president of the US and that would be disaster for ASB.
On the face of it and my very rough throughput calc for US, the company is looking cheapish now. We just have to wait a few years to reap the results.
ASB Price at posting:
$1.63 Sentiment: Hold Disclosure: Held
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