I believe, once again, this is a stock that shouldn't be played to trade. It is a growth stock that is not in the tech sector but should show 25-35% growth over the next 4 years.
Hold it.
Great management, great niche, and definitely, in my opinion, a buyout candidate. LDRY is making a great move and will hopefully drive through the 28-29 range shortly (their 52-week high). Based on PE and book value, they might become temporarily overvalued in the mid-30's, if it goes that high soon. However, it will be a $1B revenue stock by 2000 or so and this will be reflected in their stock price as they grow.
It does not hurt, either, that money managers, as well as the general public, is flocking towards small cap stocks currently.
Ride the wave. I don't know what you bought it for but put a stop-loss around 22 and keep bumping it up as the stock creeps higher.
For another great value that has already moved but will go higher, look at BYX - very small cap but also has a great niche, trades below book value, and their earnings are now starting to grow very quickly. Very intriguing company. I like.
In the tech sector, I love WSTL. Bad fundamentals but a great product that is close to be universally accepted in the industry. VERY high demand for their product, in my opinion, over the next 1-3 years. BBTK might also show some spark - better product than WSTL but they are also ahead of their time. More of a long term hold is BBTK.
Good luck. |
