DE,
Nobody can really answer that question, but I'll give you my opinion.
Many people who own stock in this company own stock in CCSI. This week there was a very damaging report done on the company that caused the stock to go from $18 a few weeks ago to a low of $4.50. I believe, that this caused problems with a few people that were on margin and had to come up with cash. NQCI, considering that the company has not made a single announcement in 2 months, was a logical place to find cash. No announcements, no movement up, that simple.
I'm as frustrated any, and I wish we would see some announcements soon. I have confidence in the management, and I feel we will see progress on the next 10q, but I'd feel a lot better if I'd hear some encouraging news.
To answer your question if it is THE BUY, ask yourself this--do you feel comfortable with the management team to put together new deals? Do you feel the new facility that was built last September will add to the bottom line soon? Do you feel the new facility that is being built, and is said to be opening this summer will eventually add revenue? Check your chart, and see what has been the historical low, and tell me if you think this is a good time to buy. The last announcement that we saw was one announcing the intent to buy a new facility. What happens when(if) they make that announcement that they have closed the deal? What is your downside from here? What is your upside potential if this company is bought out someday? If you doubt that they will be bought out some day, check the credentials of the board of directors.......
Is it THE BUY---it's your call.
Kevin |
