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yet another CUI OMIB and more +1
12:06 13-Nov-18
CUI Global has reported yet another open market insider buy of 3000 shares by the CFO yesterday at $1.70.
This leads to a little more confidence that the company will manage to raise cash non-dilutively, as discussed. The market may take little notice, but that's important while we wait for the company to see the benefit of the ongoing shift to natural gas, which has cracked the $4 mark, even as oil continues to decline.
This morning's commitment
from AES to reduce carbon intensity by 70% over the next decade
and underscores the climate concerns that are driving this
change. The report is also the first of its kind from an American
company, showing how much is yet to be done. Futhermore, ABB's announcement
serves to remind us of my other point on how difficult the change
will be, given that the two are so intricately linked.
Fortunately, ABB has many other lines of business and remains
significantly undervalued. The ongoing calamity
at General Electric only increases the chances of ABB getting a
good deal in building out some of those businesses inorganically.