Hi Andrew,
Not sure. This is such a conservative company.
A couple comments.
I sold my shares a few months ago at $9 3/4 because of persistent selling of his shares by a director. Small amounts at a time, but I don't like to see that with no one buying.
I also see that there has been no decrease in O/S here. They had a buyback announced for I believe 200,000 shares and I know from speaking with Tom Buns that they were acting on it. Don't understand that number.
Have to say the stock is cheap and earnings look good. I think top line could be growing faster. All in all I sold because I made a market decision to look for places to take profits.
INNN appears to be going to trial. Means bigger potential than a settlement, but adds the risk of zero back in if the trial is lost.
INNN made the decision not to settle, has a better attorney, and one heck of a case. I'll be buying if it hits 20 cents again. Took some profits in the mid thirties last week when I was told the settlement talks were breaking down.
May even fly out to SF to sit through the trial.
Don't like much on the buy side here (value player, remember?). Miller Ind. (MLR) has had a bunch of insider buying. BMG, HL, NEM are favorites in metals. HL especially is interesting with Mr. Buffett deciding to hoard silver. ALTA has had insider buying and is under $2. SSC is a low priced stock and almost a pure silver play.
I bought BMG and HL slightly under $5, don't know if they will drop that low again. Keep in mind I'm not a gold bug. Recent convert after years of being a metal hating deflationist.
The world is a dangerous place today, even with no inflation. So it's a "real" vs. "paper" asset call.
Let me know if you ever buy INNN and I'll put you on my e-mail list. Occasionally there's updates that don't make the SI board!
Good luck,
Dwight |
