Increasing Avalon Holdings (AWX) Position
We recently saw a further pullback in microcap Avalon Holdings(AWX)(from the $6.50 range to $4.50) as an opportunity, and added to our position. At $4.70, the company has $1.77 per share in cash, and we believe the downside is limited.
Be aware that AWX is incredibly small, has low volume, and fairly wide spreads. Please see our earlier research for more information.
*The author has a position in Avalon Holdings (AWX). This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only. The author will not trade any of the securities mentioned (buy, sell, short) for at least two weeks following the date of this post.