CAV - Cavalier Corp (Carpets)

[h2so4]

As you were Percy.
3 to 4 is correct .

[winner69]

Finished stock has about 5 to 6 stock turns

Just that they have $20m odd in raw materials and WIP

Once thy make stuff they sellout reasonably quickly

[h2so4]

From memory I don't think it has been that for a while.

[h2so4]

Well it's only a $30m m/c at these prices.
I'd rate it a buy.

[h2so4]

If your facts and reasoning are right you don't have to worry about anybody else.

[Brain]

I think I might wait until I see some buying from Insiders.

[Brain]

I checked on the NZX website. As far as I can see no insiders bought shares in 2015 and 2014.
I would like to see Cavalier successful again. I have profited greatly from Cavalier in the Past.
They used to be a company that paid good dividends and did exactly as they said they would do.

[macduffy]

Grant Biel was one of the two founders of the company. Now, whether that means he knows more about the situation than most or whether he's just putting a few more dollars into an already big shareholding as a morale boosting exercise............?

Disc: Holding a few.

[Brain]

I have checked again and cannot see that Grant Biel has increased his shareholding. I would be happy to be proved wrong.

[macduffy]

According to an article in the DomPost today, Godfrey Hirst, in its submission to the CommComm on the proposed merger of Cavalier Wool Holdings and NZ Wool Services International, is concerned that "all of its business" was exposed to the commission's decision on the scour merger. They claim that a merged business could refuse to scour GH's wool or double its processing fees. The CommComm chairman said its preliminary view was that the proposed merger "would substantially lessen competition in the small, domestic wool-grease market............ however, at this stage the commission is currently satisfied that the public benefits would outweigh the loss of competition."

The market is unmoved!