You might be interested in one I like.
CACS
I've been trading it from the long side as it consolidates.
Newsletter History:
Buy 500 @ $7.0313 on 12/20/00 (-$3,531) [-$ 3,531] 500
Buy 500 @ $5.6875 on 02/22/01 (-$2,859) [-$ 6,390] 1,000
Buy 1,000 @ $4.5100 on 08/15/01 (-$4,525) [-$10,915] 2,000
Buy 1,000 @ $2.7500 on 04/25/02 (-$2,765) [-$13,680] 3,000
Buy 1,000 @ $0.4600 on 10/15/02 (-$ 475) [-$14,155] 4,000
Buy 1,000 @ $0.9300 on 03/07/03 (-$ 945) [-$15,100] 5,000
SOLD 500 @ $6.7500 on 10/14/03 (+$3,360) [-$11,740] 4,500
SOLD 500 @$11.5000 on 11/06/03 (+$5,735) [-$ 6,005] 4,000
SOLD 200 @$14.2500 on 11/24/03 (+$2,835) [-$ 3,170] 3,800
Buy 200 @$11.5000 on 12/11/03 (-$2,315) [-$ 5,485] 4,000
SOLD 150 @$16.0000 on 01/14/04 (+$2,385) [-$ 3,100] 3,850
Buy 250 @$12.3000 on 02/13/04 (-$3,090) [-$ 6,190] 4,100
I just bought back yesterday 250 at $12.30 making my exposure $6190/4100 or $1.51 a share to break-even!
Fundies are great
~100% projected revenue growth for 2004
'04 EPS of $0.28
'04 EPS of $0.50
Much room for upgrades once the 6M share offering at $12.25 is complete and the institutions have their fill then they can upgrade.
The lead underwriter, CSFB, actually gave a target of $12 for it when it was trading at $14
cbs.marketwatch.com
CSFB gave it a HOLD in 2001 when it was in the $40's and then let their coverage vanish when the stock was under 50 cents!
My guess is once they complete the offering, then they will issue upgrades.
50 cents in earings for a $12 stock with 100% revenue growth.... do da math...
It peaked out at $18 so this is a nice FIB retrace....
Of course, the bears think it is going back down.....
Kirk |
