Hi Stu :o)
I like STRX a lot, but it may still be working in a down trend, its hard to say at this point there is a turn-around for sure. But, you know what I do, and sometimes I'm early to game. I have established at $12, and I added at $9 1/2 recently (about 2/3 is at $12).
I think the CEO is "platinum", the company is aggressively building up their network and presence, they are signing firm commitments with big names on both the supply and demand side, and the stock has been hammered pretty well as a result of uncertainty in what their business model is/was.
If I could summarize the company, I'd say aggressive fast-growth business model, with a focus on strategic securing of under-tapped foreign markets, with a domestic network also mixed in to offer end to end solutions, as well as have the capacity to sell excess if it will generate extra revenue.
Building phase, I don't expect to get rich over the short haul, but either the company begins to experience excellent revenue growth, or they might just get bought out. There is a lot of consoildation, so an acquisition by Frontier or some other carrier might just take place.
I'm patient on this one, if it drops below $10, I look to buy at bottom. I'd be tempted to sell at $15, just to let it cycle and take a profit, but I think I'll hold and go long-term capital gains route on this one. Read up on Edgecomb, he's quite a dynamic CEO, and a good person to follow around :)
Best to you buddy, I did sell SMTC at $35 and change, when it appeared to have short term topped. I'll be back I think, but only if I can steal it, something like was available last fall.
Getting THQI again at next short-term bottom, it's going to run I feel, yabba dabba doo!
Regards, JB |
