The drop was due to lower than expected earnings.....three deals thought to be included in the 1Q were not because of various silly delays. They will instead be included in the 2nd Q.
This has nothing to do with the abilities of the co, just crappy timing. It happens.
That is why you do not hold through earnings.
FOUS wrote to sell at 5 - and he was right!!! He the man!
However, I would not hesitate to buy this baby back.
They have $62 mil in cash and 0 debt.
They just bought a pellet making co for their animal food biz.
The potential of this company is massive! I can see a lot better days down the line.
Current price is $3.75 - I think it will be back to $5 soon.
Or my name isn't Snowcat!
This has nothing to do with the abilities of the co, just crappy timing. It happens.
That is why you do not hold through earnings.
FOUS wrote to sell at 5 - and he was right!!! He the man!
However, I would not hesitate to buy this baby back.
They have $62 mil in cash and 0 debt.
They just bought a pellet making co for their animal food biz.
The potential of this company is massive! I can see a lot better days down the line.
Current price is $3.75 - I think it will be back to $5 soon.
Or my name isn't Snowcat!