While you're waiting for StockTrakker to reply, I'll give my two cents worth.
Obviously, it's a much better deal now than it was a few months ago; however, in my opinion, it still looks overpriced.
What do the insiders think? In June, a director, Norton, was cashing out on his position at around 1.85. Earlier in the year, significant shareholder, Bank of Montreal, was a big seller in the low $2 range. Other insiders like Reinkeluers, Doyle, and O'Brien were also selling then at prices like $2.00/sh. or a little above. Has anyone noticed any insider buying in 2000 (I mean other than exercising a few cheap options)? I didn't.
Recent press release seems to make a big deal about making an ever so small profit. Big deal.
Personally, I wouldn't be a buyer if this was trading a half its present level. I might think about picking up a small position if it dips below 0.60.
But hey, I've been wrong before...
Mike |
