Gentelmen:
Since I have started this topic, I would like to respond. I sincerely understand the frustration on the part of some of you, because, frankly speaking, the stock did not do much this year. You can verify the high's and low's for the year. So for someone, who bought it at $6.75 it is a boring process.
Having said that, I have also talked to several key management people in the past month. Indeed, they are meeting in New York with several institutional investors. If you look at the current volumes, they are very small -- due to only people like you and me buying shares (avg. 35,000 shares /day).If anyone, anyone comes up with the "Buy" recommendation, stock will appreciate 20%-30% in the next few days, due to the buying franzy.
I believe this is a good stock -- very low PE ratio, low debt, solid management but, up to this point, poor marketing. This is fixable. Keep in mind, after all said and done, the stock price is a clear reflection of the company's profitability, not news of "hot air" -- it normally blows up!. This company turned profit 9 quarters in the row -- that is what counts!
Jack Shoykhet |
