IDSA. Thanks for the update. I'll take more shares now too.
I'll mention two aspects which are important to me (maybe not to others):
I like the junk/scrap/recycle business. It can be very profitable when the business cycle is right. And, imo, at appropriate times, the stocks can do well (or poorly). Look at the volatility of IDSA stock: (source: Yahoo)
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If the reward/risk is seen to be upside vs. downside, I'll guess we might see $6 at some point again,and maybe $.75 on the low side. Maybe not as low as $.75...or perhaps a black swan lower than .75.
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Why would Harry Kletter, the 85 year-old officially retired founder of the company (who controls or has 10% of the shares) be BUYING IDSA stock now. Not very much; token amounts only. But buying. I would be expecting such a person to be selling or transferring shares, maybe even liquidating.
I'll follow along, and add. Like you, small amounts for a small position. It is a dink, out-of-favor, cyclical company, after all.
OT:Aside: -g- Reminds me of the time back in '02 when I followed another geezer chief executive who was retiring and buying stock. Message 17394247 |
