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Automodular Corporation T.AM

Sector: Consumer Cyclical | Sub-Sector: Auto Parts

Automodular Corp is engaged in sequencing and sub-assembly of modules that are installed in equipment assembled by North American Original Equipment Manufacturers at plants in Canada. It offering include; instrument panel, power pack and rear suspension.
Price: $2.05 | Change: +$0.03 | %Change: +1.49%
Volume: 59,820 | Day High/Low: 2.05/2.01 | 52 Week High/Low: 2.50/2.02
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1 star

RE:RE:RE:RE:RE:RE:RE:Just dropped by to see what has happened to Rock

You can try NRI with over $6 per share in cash, no debt and a home run in WF10 plus existing sales and pipeline. See Taylors Globe and Mail Column which forecasts $7.50 in cash soon....  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:Just dropped by to see what has happened to Rock

StompinTom, thanks for the advise. Leaning toward exiting but couldn't pull the trigger. Never faced a situation like this before. I don't have a replacement stock in mind. GIC would not be an option...read more
0 stars

RE:Sedar Disclosures

I'm holding as well - in fact have added to position this week. Oh the pains of value investing!  You feel like a fool most of the time and wonder at your sanity. YMMV, DYODD and all the assorted...read more
0 stars

RE:RE:RE:RE:RE:Just dropped by to see what has happened to Rock

AMinvestor, based on your original purpose for investing, this has now materially changed and you should  probably exit.  I got in as it was trading at a discount to cash; the dividends have been...read more
1 star

RE:RE:RE:RE:RE:Just dropped by to see what has happened to Rock

Never stay invested if you are unable to assess and accept the risk. No risk no gain. Buy a GIC  rate and reply
0 stars

RE:RE:RE:RE:Just dropped by to see what has happened to Rock

I hope you are right. It's hard to tight up your money at an indefinite period of time with no return. I don't like companies that don't pay dividends.  rate and reply
1 star

RE:RE:RE:Just dropped by to see what has happened to Rock

A decent business with a peer average balance sheet will trade about 2 times book. Current book value is about $2.40 per share. I am betting on the fact that a new business will be acquired, for this...read more
0 stars

RE:RE:Just dropped by to see what has happened to Rock

TheRock07: Can you give me your basis for a double from here. I initially bought this stock @ $2.42 for its dividends. Now that they cancelled the dividends and the future is unclear. I wonder if I...read more
1 star

RE:Just dropped by to see what has happened to Rock

What rock did you crawl out under? Recall you as the multiple ID providing this board with flawed stats on Oakville production crying wolf to shareholders. Im still here.I still hold about 100,000...read more
3.5 stars

Just dropped by to see what has happened to Rock

Seems he that even he has found other dreck to pump.  Sad though to see many others have been sucked into this black hole of a company with not much of a future going for it other than a court claim.  rate and reply
0 stars

RE:RE:Sedar Disclosures

On the bright side, all you need to keep the office open is the CEO, finance and someone to co-ordinate legal; likely less than $1m annual run rate.  Agree, it would be cleaner to also be integrating...read more
0 stars

RE:Sedar Disclosures

GM have the upper hand if AM does not acquire a new business soon. Gm could refuse binding arb forcing AM to fight it out in court while having to keep the shop open. That would be very expensive. On...read more
5 stars

Sedar Disclosures

Found a few things of note: - a new hedge fund Polar Securities (founded by J.Paul Sabourin) has accumulated a 10.86% stake, resulting in a filing - some details on the lawsuit is they expect to have...read more
0 stars

RE:RE:RE:RE:goofy management

You said they are going to stay open looking for business after Ford windup.  You mention that another company did this for three years.  I would want to know if they are going to pay mgt to look for...read more
0 stars

RE:RE:RE:RE:RE:goofy management

That does nothing for your net asset value other than diminish it  rate and reply
0 stars

RE:RE:RE:RE:goofy management

They will continue to harvest receivables in to Q1 next year so they should have cashflows in Q4 and 2015 Q1.  The more they give you, the less likely their is a transaction under discussion.  rate and reply
0 stars

RE:RE:RE:goofy management

Not much to ask. Agm is not until June which will consume some cash. No cash inflows for Q4. Thats 9 months cash burn. Giving up plant so no new contract. Laying off all staff so no ongoing business. ...read more
0 stars

RE:RE:RE:goofy management

I doubt there is as nefarious a scheme as that at AM, however, if there was, I would obviously want to know about it.  Don't forget that there will be an annual meeting not many months after the Ford...read more
0 stars

RE:RE:RE:goofy management

Franklin Templeton owns about a quarter of the company.  Looks like some private equity bought 10% stake base on sedar filing.  Let`s hope the major shareholders force a shakeout.  rate and reply
0 stars

RE:RE:goofy management

It's not reasonable to think that after nearly two years of searching,they will find a new business in the next quarter. It ain't gonna happen. Management will drag out the close and then announce...read more

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