AWI.V might as well mention it

This was my mystery canadian stock I have been trying to buy for 2 weeks. I managed to get 4000 shares in the .50 range.

At this point it does not look like I will get any more. The bid/ask is now .56/.70

So since I mentioned it previously I figured I owe readers a 10 second writeup.

These guys operate 18 cell phone stores in Canada. They earned .05 over the last 2 quarters but have their stronger quarters coming up.

They are trading near book value and have .30 in cash on the books.

They carry equipment for Rogers Wireless who just reported a strong quarter as well so in addition to being cheap there is reason to believe the current quarter should be quite good.

By any metric it was dirt cheap at .50/share. I was really hoping to get a good sized block. That doesn't seem likely to happen now.

Given that rogers showed 20% growth in wireless last quarter and the strong balance sheet and low projected PE I would still consider a buy at .60 if shares became available.