The Microcap Kitchen: Stocks 5¢...
Published (2009-12-02 16:29:00)
I had a fairly large position in SMID that I sold in October to buy some other things that are more in my sweet spot, but it's damn cheap. I doubt there is anything wrong with the company no matter how deep one digs, except that: 1. it is in the construction industry, which traditionally carries low PE ratios (less than 10 for sure); 2. there is increasing awareness that the federal stimulus money is not being distributed as efficiently...