ALSC – A Microcap Stock with an interesting situation
August 25th, 2009
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I recently bought some ALSC stock at $0.23-$0.24 range. Again, this stock intrigues me.
First, ALSC has almost $60 million in Ambac Preferred Shares. These shares are illiquid so ALSC is stuck with these shares and can’t sell it to get it’s money back.
However, it’s suppose to provide a yield of about $0.02/share each [...]
