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Strategies & Market Trends : Speculating in Takeover Targets
CTG 7.9900.0%Oct 21 12:00 AM EDT

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From: richardred8/2/2021 12:19:52 PM
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New Buy- AFI-ARMSTRONG FLOORING- Big disappointment in the latest earnings. Basically the same old same of other companies experiencing earnings shortfalls. Rising costs/raw materials/transportation and miscellaneous supply chain issues. The earnings shortfall took it down around 30% from recent highs. It made it attractive for myself as I had it on my watch list. I like the more recent Beneficial Owner buys. They sold some assets to pay down some debt. Armstrong IMO is still one Iconic name, but then again so was Kodak.

P.S.I still remember helping my father put down Armstrong carpet tiles. <G> It didn't take long to replace them with Armstrong vinyl flooring..
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