Ok....ESPD...you win. You are probably right...at 1.5 billion dollars the company is probably a good deal in a fairly speculative market like we have. They are growing quickly, they are in a business that has enourmous potential, and apparantly they have the technology, the staffing, and the money to make a real go of it. They appear to be on the up and up. ESPD reminds me a lot of SIRI, in that it has a great chance of becoming somewhat of a monopoly. I like that word monoploly when it comes to INVESTING in speculative issues. As far as entries go...this is probably as good a time as any to take a moderate buy and forget position in the stock. I will buy 25% on Monday...and average myself in to what I want to own by the fall. The 25% will be a great way to get it on my screen and keep it there, so that I will keep up with the company's progess. I will increase the position depending on performance. I have not done all the DD on the share structure, who has it and what their intentions are. I did however notice that CF has sold about 10% of their holdings in the company, but that could simply be to cover some expenses incurred...I don't know. That doesn't bother me.
Thanks Smart Money, for a timely recommendation on the kind of picks we are looking for here. As you know, I am not interested in buying companies that are already trading with 20-100 dollar valuations, when I can't see the upside fundamentally. I can see the fundamental upside in this one. They could very well put themselves into a position where they can reap some huge cash profits with this business model.
If I see them doing anything stupid with the 128 million they have in the bank, I am gone. Right now, it seems to be in safe hands. This is one that falls in to the strategy outlined in the link provided in our header I beleive. You just buy it...with some disposable income and don't mess with it. The way it moves, it is a nice one to have on the screen to alert you of potential position plays or trades also.
Good call bud...keep 'em coming. |
