I have been a fan of GE since its top in 2000. I have been in and out of this stock and always on the long side, but today when I read that they are looking for Asian investors, appears to me that they have been late to the party to acknowledge how bad their financing is. I have owned it for one reason, their manufacturing prowess. Not their lackluster financial division.
KRSL has a 10mln market cap and manufactures products for customers, I believe, such as GE. These are the true manufacturers and as such should profit if there is an infrastructure boom as I expect. 6mln of cash. You are paying 10mln for the company. If they closed up shop, you would get 60cents on your dollar, not including inventory, and assets, and a 100year reputation. If a large corporation is looking to expand, I think this is the way to go - buy a franchise.
I said tongue in cheek to short Chrysler, but here a fabled brand saddled with debt and looming close to bankruptcy for the second time, so it is fitting to say "the king is dead, long live the king" or better yet "Chrysler is dead, Long live Kreisler"
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