I decided to purchase another 500 shares of ASAA on Friday. With the approved going private transaction about to happen any day now, I couldn’t pass up the opportunity to pick up 500 more shares at $4.45 for my personal account. As you might recall, I purchased 450 shares of ASAA on October 22 for my son’s account for about the same price. I look forward to getting $5 per share in cash for both of my accounts.
I have been having a hard time finding undervalued companies in this bull market. Even small cap stocks seem to be richly valued across the board. For now these special situation opportunities seem to be the safest bet.