Automodular (TSE: AM)

[DavidJD]

Well, looks like we got burned on this one afterall. Peculiar that Ford wants to increase their production yet discontinuing their contract with AM.

Merde.

[doctrine]

Although I'm out, I took a quick look at their last financial report. To put a value on the stock, they have about $1.35 in cash and are making roughly $0.15 a quarter. Their Ford contract was extended to the end of 2014 (originally mid-2014), giving them six full quarters. But their maximum cash is likely around $2.25 a share. Heck, even if I had all my 10,000 shares with an ACB around $2 from a year ago, I'd still be ahead with my $0.62 in dividends I would have received by now plus the $1.61 share price. I would never invest in AM now though, until I had an idea of what their future operations would be.

[jamesbe]

I'm still in. In a few more quarters I'll be ahead if their share price sticks to what it is now. So I'm going to hold for a bit, when I see black or green I'll cash out.

If it goes red, I'm not losing much.

[Yoqui]

Ya scratch that, not waiting for a another dip, bought a small position. The insider buying on this stock is very high.