Just wanted to keep up to date on a few things.
I sold AEY last week before they reported numbers. Revenues without the acquisition of Adams Global are still falling. I was hoping that stbility in the housing market would mean stability in AEY’s revenue. I was wrong.
Inventory is slowly getting sold through the increase in refurbished revenue. This is a good thing as the amount of inventory was always a concern for me.
They are likely to do an acquisition soon as the are net cash.
I think the CSCO agreement changes the profitability indefinitely going forward. I overlooked the severity of this.
I will keep a close eye on the company and jump back in if I see something I like.