Yes I was a seller of AVV at $2.40 after their last set of financials. Dont know how I got that right but their comments about restructuring their events division sounded bad and their financials were pretty messy. I already held MPH which was a picture of health. So I figured it was time to sell one of my DVD stocks...... So AVV went. Looks lucky now.
But basically in my view at the current PE ratio the market is now appearing to value AVV for almost zero earnings growth.
I am not close to the company at all but suspect that their DVD is still experiencing growth.
Of course when stocks fall as hard as AVV we think of ION and such like, but at the same time there are stocks like Aristocrat where sentiment was obviously bigger than reality.
AVV looks cheap to me.
acturtle
AVV
aav limited
