Friday, October 31, 2008

Another "liquidation list" name....BEAV

Have to run to class, but BEAV is trading below it's $14 book value. This is largely due to the Boeing strike. As the picture indicates, BEAV makes seating and interior equipment for planes and has huge contracts with Boeing.

I have read that the 27,000 strong machinist union that walked out on Boeing will be voting this Saturday on whether to end the strike (Boeing seems to have caved to most of their demands, so this is a catalyst).

Position: Bought some BEAV at $12.62

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