Quantum Opportunity Value model manager Tong Li added Todd Shipyards (NYSE: TOD) and Lihua International (NASDAQ: LIWA) to his model last week.
In December it was announced that Vigor Industrial would be acquiring TOD for $22.27 per share. TOD has a 1.78 percent dividend yield (per Money.CNN.com on January 12th), the company has recently been hiring, and in early December it signed a contract worth about $3.7 million to perform additional repairs and alterations on the aircraft carrier Nimitz. Amidst the positive news, TOD’s stock price has grown over the past two months. TOD closed at $16.46 on November 1st, 2010 and closed at $22.45 on January 11th, 2011 (Yahoo Finance).
In December, Kapitall noted that there had been an increased interest in shorting LIWA. This increase in short sales followed an article by forensic accountant Steven Chapski pointing out the disparity between LIWA’s China State Administration for Industry and Commerce (SAIC) financial reports and their China State Administration of Taxation (SAT) reports. The difference was found in their other equity, net profit (loss) and profit tax.
In its year-end letter to shareholders, LIWA states that it broke ground on a new copper recycling facility which should be completed during the second half of 2011. LIWA’s price was choppy throughout 2010. It started the year with a closing price of $10.62 on January 4th, 2010 and ended it with a closing price of $11.24 on December 31st (Yahoo Finance).
See more on the Quantum Opportunity Value model at Covestor.
*Prices and charts courtesy of Yahoo Finance.
