Please, no one take offense on what appears to be almost a bulletin board stock (although it trades Naz small cap). If you look at past price history on the stock, it traded much higher in a "former life". The ticker on the stock is ANDA, and I will give you what I perceive to be both the pros and cons, comments on which are most welcome. I am long the stock.
Cons:
1) Thin, thin, thin, although better volume today. Very thin float.
2) No research coverage.
3) Minimal or zero earnings. Recent shakeup in middle to upper management ranks.
Pros:
1) Excellent (IMHO) product line in the data storage market.
2) Heavy mgmt. incentive to improve bottom line results (i.e. heavy insider ownership). Principal owner has recently taken significantly more responsibility in day to day operations, primarily in his area of expertise, marketing.
3) Friday announcement of relationship with advisory group. It is my understanding that this advisory group has been successful in the past in endeavours such as this, and one of the primary goals is to get more shares in the public float, and, hopefully, more sponsorship. I have been told that ideally this will be done in such a manner that will be accretive to current shareholders.
Please don't take my word for it, do your own DD, make some calls, and please give me your opinions on this stock and its prospects. |
