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PWEI may be my next MF purchase. On top of having good numbers, they just announced a share buyback to the tune of 40 million.

Anything red flags flying out there?
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You learn odd things on the yahoo boards...specially skeletons as you say.At the moment I have nothing intelligent to say about PWEI.Good luck!
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Anything red flags flying out there?

Did you read the latest 10-Q/K? Sure looks enticing based on recent earnings reported by Google Finance, but there are almost certainly red flags. I wouldn't be surprised if they won't be able to sustain the recent numbers. Otherwise, why would they be priced so cheaply? 'course, the market tends to under-prices badly beaten-up stocks (if there is any truth to the Little Book :-). Mr. Market was so depressed about CUTR (a top 25 MFI pick a month ago) that even a settlement that appeared quite negative to CUTR made the stock price shoot up!

Before buying a MFI stock, I run the numbers using recent 10-Q & 10-K's to make sure that they're fairly close to those listed on the MFI web site. As long as the numbers add up, I'll buy the stock.

Puss
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I bought a small allotment today. I checked with several different "instrinsic value" calculators and looked at the BMW results, and all were consistently favorable. I like their planned buyback, and the fact that few analysts are watching them.

Finally, I like that it is a "boring" company, as defined by Peter Lynch.

I'll cycle back and buy more in a month or two, especially of the stock drops further.
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