>i assume that Deaver speaks of American dollars
I assume so, too. However, I am also aware that Deaver has been overoptimistic in the past about how fast the company is likely to grow. And, I don't think we can take his statement as a prediction, just a statement of *potential*. Potentials are often not reached.
Regardless, the company appears to be starting to get its management act together. Terrific move this week on good volume. Things have never looked better, as far as I can see.
As to selling philosophy, that's a controversial subject. I look at fundamental valuations and near term prospects. Lenox has so few shares out and such enormous potential that it becomes more difficult to make a selling judgment.
Example: I recently sold my LWAY on its run-up. From what I could see there was no news behind the run-up and the time of hypergrowth revenues and earnings for the company is still at least a quarter away. And, so, based on past and near term future revenues and earnings, the stock had become overvalued. Right now it looks like I sold at a good time, but it may run up even higher than its recent high before I get back in.
With Lenox we have a company that's less predictable. They could announce one, or several, major new contracts at any time. The list of companies they are dealing with is long and includes some of the biggest in the world. And the potential demand and profitability of their products is awesome. Lots of companies with less potential and which have never been profitable and don't expect to be for years and which have a lot more shares out trade for substantially more than Lenox. What these companies usually have, though, is a management with a better track record.
FWIW.
-DT |
