Jake T

TAT Technologies: Assets Are Looking Good

Hi Reyer,
I agree, they seem to have value as a going concern above liquidation (positive EBIT for last 9 years!).
I'm not so much worried about them going out of business as I am falling prey to a take-under or some other shenanigans. Maybe I'm just a novice, but the organization and ownership described in the 20F of the various companies orbiting TATTF are pretty confusing. Buffett says that if you can't understand a 10k, it's because management doesn't want you to. I haven't dug deep enough yet to make a judgment either way, but until then, it's staying in my "too hard pile".
Best,
Jake

TAT Technologies: Assets Are Looking Good

I like what you've done here and respect your methodology.
Here's a hypothetical/rhetorica... question for you: If you bought at $5.57 and it went to $6.87 within a year, would you sell?

Aldila: Trading Below Par Value?

I've been looking at this company as well and I agree with most of your analysis (especially using a 10 year relevant range due to lumpy earnings). My take is that just based on the balance sheet figures, it has the makings of a decent value play (even a net-net if you use Marty Whitman's more liberal definition of current assets). The "going concern" of earnings power and the Voodoo line I see as a nice potential upside that I'm getting a free swing at with the current price.
Disclosure: I don't currently own any shares of ALDA.
Keep up the good work!
~Jake