Avalon Holdings: Deep Value, Great Golf and Behind the Scenes Drama

Mar. 09, 2010 8:49 AM ETAvalon Holdings Corporation (AWX)
Edward Dostillio profile picture
Edward Dostillio
There are not too many people on Wall Street that follow a stock like Avalon Holdings (NYSE:AWX), mainly because its market cap is less then $15 million, but I believe this little AMEX traded stock is what I call a diamond in the rough.

I do know that many Wall Street brokers/traders love to golf, so even if they have no interest in investing in Avalon Holdings (AWX) as a deep discount value play, they may very well want to check out the beautiful courses (3) that AWX owns, especially the premier course - Avalon Lakes, a Pete Dye course which Golf Digest rates as a top 100 public course. I live in Hawaii and play twice a week at some premier resort courses and they have nothing on Avalon Lakes.

If the value of the stock or the golf is not enough to pique your interest into taking a closer look at AWX, perhaps the ongoing drama between a large private individual shareholder and the Chairman of the Board of AWX might be entertaining enough drama to spur some interest.

First a brief profile of AWX:

The company is based in Warren, Ohio and has 217 full-time employees. The company has two main business segments. The first is Waste Management Services, which currently makes up a majority of AWX's revenues and income. The second is the ownership and operation of three country club facilities in one club

AWX has two classes of common stock - 3.2 million shares of class A common stock that trade on the AMEX and 600K shares of 10-1 voting class B shares that Mr. Ron Klingle, the Chairman of the Board, currently owns along with 200K class A shares. The structure of the company, with complete control being in the hands of Mr. Klingle, often scares a lot of potential investors away. I am

This article was written by

Edward Dostillio profile picture
Edward is an independent financial services professional and is a graduate of Drexel University. He lives in the Hawaiian Islands.

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