BPLS - just got the Insiderwire report on it, and it looks pretty good. Here's what they have to say -
This company has suffered from significant downward pressure for the last few months and seems to have bottomed out.The company reports earnings this month, and it would seem that someone knows more than the rest of the market. Analysis of the trading patterns of the last few days indicate that someone is accumulating this stock.On
Wednesday early in the day there was a block trade of several hundred thousand shares (800,000 +/-) and a steady increase in share price since. This looks like an accumulation of the very cheaply priced BPLS.One can ponder for the reasons, but in our opinion it would seem like someone is expecting good results for this reporting period.
Do your own diligence, this one has good fundamentals and is seriously undervalued. With a book value of $9.55 per share( it's trading at $3.625) and a cash position of $22.41 per share or $434,000,000.00 this company could easily be a take-over target.
With the trading of the last few days, in our opinion this company could soon be in play!. "
Now all that is just peachy, but I still will wait and see if it dips below 3 again (see the chart). If it does, I will bite a little.
In the meantime, if you find anything interesting pro or con, let me know.....
I am understandably reluctant to play newsletter picks, but this one looks pretty cool at the right price.
MG |
