From Mike's Link: (thanks, Mike)
viwes.com
It looks like you are right about the short ratio decreasing.
MSGI Month Shares Short Avg Daily Vol Ratio
12/99 872,400 872,174 1.00
11/99 2,474,262 1,074,325 2.30
10/99 2,145,447 269,583 7.96
09/99 1,885,759 540,590 3.49
08/99 243,474 268,731 0.91
07/99 145,998 421,144 0.35
I'm a little confused on how this directly relates to your scenario though. My rationale for buying MSGI initially was that it appeared to be showing strength around $15 after being beaten down, post earnings. I believe that they will continue to post record growth as they expand their internet operations. If they can get rid of the telemarketing division and focus their priorities on the profitable operations, they will do fantastic going forward. I'll assume the current management must be toying with those sort of ideas along with general cost-cutting measures as they are in this acqusition mode. Although they might appear to be spreading themselves a bit thinly at this point in time, the pieces of the puzzle should fall together nicely for them within a couple Q's. They appear to be doing the right thing. This will eventually be reflected in the stock price. If I can dig up more information, I will drop you a line. You seem to know more than I to be honest though.
Regards,
B |
