No. of Recommendations: 0
Yup. Still on our radar. . . in fact, we own a small position in BWLN. Worst performer for us this year, by a country mile. Problem appears to be the Street not understanding why this company cannot put together some meaningful acquisitions. There have been some, to be sure. Especially in the Alb, NM marketplace. But I believe there is a great bit of frustration that the deals have been so slow in materializing.

Moreover, BWLN has suffered from a lack of support (IMO) from the IPO's underwriter, HD Brous. They just do not appear to have placed the shares very well and now Mike Bowlin (the CEO) tells me he is essentially swimming upstream, trying to revive interest from the Street.

Still way cheap. And if Mike can put together an acquisition or two and attract some interest, this stock is WAY undervalued and could pop.

stephen barnes
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