Feb. 2 at 4:18 PM
$ATHM I have a ways to go to get back to a full position but a nice fill at 21.65 today. This will eventually get taken over by Haier Group at
$32+ but likely not until at least late 2026 since they are doing a test ride with their large customer book. Until then you can collect an 8.8% covered yield. Given it is trading as less than tangible book value of
$24 (and
$29 book) I am expecting another big buyback also to further clean out the float prior to buyback this year and further increasing the yield. Trading at less than 6 times PE on an enterprise value. Bids in place and consider this a safety play but with good upside.
