Tuesday, May 23, 2006
Up 1.1 percent today. I picked up 1600 shares of Oilgear. OLGR is in a great industry, is solidly profitable, and has a catchy company name and ticker symbol. Like many energy and commodity stocks, it got hit hard over the past week. I think the stock is wildly undervalued. When the company reports next quarter's earnings, chances are they will show continued strong operating earnings and an increased backlog. On top of that, the company should report non-recurring profits of about $7 million from the sale of its Leeds headquarters. I'm in this stock for the long haul. I think it hits $20 before the end of the year.