I have been holding CLE for some time. I remember when The CEO sold several million dollars worth a a year or two ago, after two splits in that same year, and the stock tanked to 11-12 bucks, or so. The CLE bashers came out of the woodwork (where were they at 25?). It was worthless arguing fundamentals with them. I just smiled and doubled my position. Well, it shortly went over 20 again.
Now, I see the company no differently. Great fundamentals. Yes, The Schaefer family sold some in Nov. They are swimming in stock and Roland is no spring chicken now. They lost the COO, but have done that before, too.
With Mr. Rags now on board and the catalogue coming online, I can't help but see better earnings ahead.
Ramond James downgrades CLE to Neutral today. Thanks Ramond, now that we are at 15...where have you been? Probably the same place the two firms were when they issued buys at 20, never-never-land.
Looks like it may be time to add to that position again.
Good Luck all,
B. |
