Sunday, April 24, 2005

went long on ASFI around $19.90

I made this move a few weeks ago. The stock has moved up recently probably due to its oversold condition but also due to the mention in Business Week and the passing of the bk reform legislation. Like the guy in the article, I'm a big fan of Asta's CEO. He comes across on the cc's as a straight shooter. A few cc's back, someone asked about the then languishing stock price. He replied something like "we'll continue to execute, the stock price will take care of itself." That's what I like to hear. Also note that competitor PRAA reported last week (strong results) and ASFI should report in about 2 weeks.

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