There are many regular strong critics of J.C. & Directors of AZZ with non disclosure and so called empty promises from Management being claimed. I have been a long term investor/shareholder of this business and waited patiently like so many others for the major pending acquisition to occur, forthcoming drilling results from Harrison 3 well, Petrohawk revenue percentage to AZZ to be publicised and a lengthy share buy back process, which although prolonged has clearly benefited shareholders via astute management accumulating at bargain levels.
By the end of this month/quarter J.C. will hold his word again and produce the goods! If a suitable acquisition is not apparent, common sense would dictate patience for the right fit to the current business strategy. A huge vote of confidence from Matthew Gentry buying 625,000 shares in the past 6-7 weeks and J.C. continuosly doing the same. Its not hard to work out that these guys do put their money where their mouth is and that gives me reassurance we are on track to bigger and better things. I will make the prediction of a major rerating of AZZ in the next 2-3 weeks based on numerous positive announcements and a broader market finally awakening to huge underlying value in a stock that trades below pure cash on hand. Interesting that BHP's $4.5 billion asset purchase in the region supports AZZ management's choice of location. If J.C. can emulate some of his brother in laws feats as CEO of Aurora Energy the $1 Directors price target may occur well before time. Now for AZZ to shine and serve up the humble pie to the baggers that has now been long overdue. DYOR, good luck and prosperity to all shareholders.
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