Earnings report for FY'96 is expected to come out fairly soon (by or at the end of the month), and is expected to show a nice gain, maybe profitability for the year. Given the stock was at these levels long before it showed its first quarterly profit and has had nothing but positive developments since then, the current levels are and have been almost astoundingly low. So, I would guess others are thinking as I am, that it's best to get a position before the earnings announcement, especially if you want to speculate on it being a positive surprise. Before the last earnings release the stock started a nice run.
Of course, as the company just continues to do its business, it's connecting with more and more people and getting orders. Some of them are probably aware that Lenox is publicly traded and can see the quality of their products. I hear that Prestone ordered Xyloy for another 100,000 cans of Insta-Trak. (We're having a hell of a winter, so to speak.) And that the tools business is getting quite a bit of interest. Also, InstaTrak is apparently available not only in WalMart but also in "selected" SuperAmerica stations. It's also possible that some of my friends, who have been reluctant to buy some of this stock, are starting to break down and have put some orders in. After all, the potential reward here is breathtaking and the risk is clearly very low.
The stock is definitely starting to look strong. In fact, today, just a while ago, the ask was $2.04.
Unless there's some delay in reporting or some other screw up, I doubt we'll ever see $1.80 again.
FWIW.
-DT |
