Feb. 6 at 7:56 PM
$CAAS It is surprising how little attention this stock gets. I added more several days this week the low 4.30s and today at 4.43, on top of an already very large position. With the Cayman Islands move completed the likely outcomes look like three scenarios. A take private transaction. A special dividend of
$1.00 or more. Or a buyout by one of the large Chinese auto players.
The stock is trading around 0.2 times price to sales and under 4 times earnings, with tangible book value near
$13 per share. The company had significantly less cash on hand the last time it paid a large special dividend, which is why that outcome is the one I am leaning toward. I will just continue to add and will be shocked if we do not see
$6-7+ in 2026.
