Chuck,
I have AOB priced at $28 with a 30% growth rate, which is way below what it is likely to achieve. The issue with AOB is the EPS dilution which several writers have covered. I just don’t see why share dilution is a problem when the EPS is still growing at 20%. That’s still far better than you can get from most other companies.
Remember that there is a lot of uncertainty when investing abroad. Watching the TV makes me think the sky is falling. But, when I go outside, it’s clear that it’s not. That’s the nature of the market.
Glen
From: Kosel, Chuck
Sent: Wednesday, September 17, 2008 11:53 AM
To: gbra
Subject: AOB
Glen,
I enjoy reading your insight into AOB. I first bought this company back in 2005 when it was about $2. I’ve rode the roller coaster buying and selling it between but have now decided to continue to buy on dips and accumulate. There is just too much potential in this stock not to ride it for the next 5 years.
Continued good fortunes in AOB.
Regards,
Chuck Kosel