Heeren,
Excellent explanation. I was out of town for a couple days working on taking an internet company, more about that later. The company seems to have a really good grasp about what has made them popular and usefull. They are beginning to get attention from such companies as Symantec, which won the PC award Metrowerks won last year. Something that might help people watching the stock is the fact that most of the trading occurs on the Montreal Stock Exchange but the major feeds come from the Toronto Stock Exchange, the company has a large following of montreal brokers, it has a french president, so when investors see very little trading on toronto the lions share of the volume has occurred on montreal. This can be confusing if you are not from Canada and understand this mystery. The stock has been trading well lately, they just did another share offering for 1.25 million this will increase their float, but will not dilute in a significant way. The stock is being done with different brokerage firms than originally took them public, this will provide a better following of brokerage firms, ie. more guys for us to sell to at higher prices, still bugging our analyst for the report, it will come soon. He is still very positive. Also the shake out has taken alot of the $5 to $9 investors out of the stock most people have come in on the $12 to $16 range and this should help with market swings, not as many cheap (smart) shares that will slam out profits, the company is also one of the largest holdings of the Fidelity Cdn Growth Cmps Funds, Alan Radlo manages it, mind you his cost is real cheap $3 to $4 bucks, was he told something hmmmm? mutual fund weasels, anyways I will watch it closely and report and news I hear.
Thanks Art. |
