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Nervous markets await NvidiaFord (F-N) has decided not to outsource to this company anymore. Originally it was going to be closed down in early 2014 but have now extended the period of time. They have also said they will pay for some of the closing costs. So this is a company that really has no business in 2015, but they are sitting on a lot of cash, which is close to where the stock prices. They are out there looking for new contracts. 11% dividend.
Assembled modules for Ford (F-N) but losing their contract. Difficult business but they were very good at it. Cranking out cash and returning 40%-50% on equity. Have a ton of cash. Contract is good for another 1-1.5 years and generates a lot of cash. The question is, what do they do? Do they pay the cash out, try to find a business to buy, or trying to find new contracts? A lot of people feel they could get new contracts but that is difficult because, if they could, they would have done it. 13.3% dividend yield.
Assemble modular’s for cars, basically Ford’s, and they lost their contract. However, they have about another 1-1.5 years to go so they are going to generate a lot of cash. Have about $27 million in cash on their balance sheet. Adding up what you think they are going to make and what they have in the bank, stock is probably trading for less than that sum of cash. Possible cut in the dividend, which the board will decide on, on a quarter to quarter basis. Be careful on this one.
Automodular Corp. is a OTC stock, trading under the symbol AM.H-X on the (). It is usually referred to as or AM.H-X
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In the last year, there was no coverage of Automodular Corp. published on Stockchase.
On , Automodular Corp. (AM.H-X) stock closed at a price of $.