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Author: TMFPapester Three stars, 500 posts CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 175  
Subject: Re: New trade: Ampco-Pittsburgh Date: 5/17/2011 11:10 PM
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Sean,

The asbestos liability is overstated - their insurance covers the large majority of it. I agree with you on the two businesses; I would love to see them split them up, but like you I don't find that scenario likely.

I've spoken with the CEO, though, and this is a well-managed business. They don't worry about the short-term, and with no analysts to please, they are happy to invest for the long run even if it means less-than-stellar numbers right now. I'm happy to sit on this one.

Cheers,
Alex
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