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AAUKY's mysterious delisting follow-up: a small tidbit of news

Posted Aug 4th 2009 4:40PM by Sheldon Liber (RSS feed)
Filed under: Other issues, Rants and raves, Indices, Market matters, Anglo American (AAUKY), NASDAQ, Best Stocks for 2009

Finally I was able to find the smallest crumb of news regarding Anglo American's (OTC: AAUKY) move from the NASDAQ to the over-the-counter (OTC) exchange often referred to as the "pink sheets."

After searching all day yesterday under every rock I could find for an answer to the puzzle and coming up empty, I concluded that this mystery could only be the work of Sherlock Holmes's evil and brilliant nemesis Professor Moriarty. And fitting to the good professor's habit of only leaving the most meager of clues, the following is all I could find to date:

Continue reading AAUKY's mysterious delisting follow-up: a small tidbit of news

Chasing Value: Anglo American -- great pick, but alas...

Posted Mar 5th 2008 3:45PM by Sheldon Liber (RSS feed)
Filed under: Major movement, Rants and raves, Chasing Value, Commodities, Anglo American (AAUKY), Stocks to Buy, Best Stocks for 2008

Anglo American logo What's a value investor to do, my oh my...

Well folks, I have been following Anglo American plc (ADR) (NASDAQ: AAUK) for quite some time now. We own it in one portfolio, but recently I missed what now looks like a great opportunity to load up on it for the long haul.

In January the stock was trading under $25 for a few days but I was on vacation -- I'm forced to take one every so often by my family, I'm sure some of you know how that is. This was the week the DJIA dropped over 500 points one day when Bernanke dropped the Fed rate by a full point.

When I returned I set a stock alert for $26 per share thinking this would be doable. Unfortunately the lowest price it was available at in February was $27.20, intraday, on the 5th. It has only gone up since and closed yesterday at $33.28. It is trading up $1.35 mid-day to $34.63. All I can do is keep watching for another opportunity and be patient.

Anybody out there get in at the right time? AAUK is one of my picks for 2008 Chasing Value: Anglo American diamonds and gold are your best friend. Mr. noital has been cherry picking my picks for a while now -- anybody else out smart the 'professor'?

Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money. Disclosure: I own shares of AAUK.

Update: AAUK closed at $34.635 (UP 1.355)

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 09:12 PM

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