ALDA

I added a bit of ALDA here this morning. Is this another falling knife? Could be. I expect the company to make about $3.25 this year and at this level, the stock is traded at less than 8X of this year's EPS. While I understand there's a lot of risks out there and this may not be the best time to add on, this is ridiculous cheap. The company has a ROE of 35%, growing more than 50% annually, has $3/sh cash and no debt. At the end of day, it is earning that will determine the level of stock. If I believe this is a very good stock, then this has to be the time to buy.