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This is a perfect trechnical position for a buy. In the Fy May 2008 revenues grew 43%, with a 600% increase in operating earnings for the latest Qtr ending May 2008, beating the street and setting up what should be a great rally! It's selling right at book value with operating estimates for the current year at 1.00, for a forward operating PE of 2 which is silly. This stock is just bound to rise.
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blacktuna
Aug 06 at 9:25 ET
This looks like a fantastic find DJD.. but it just looks too good to be true.
I read about a lot of insider selling for this company.. (btw, their web site looks like a 12 year old designed it.. 10 years ago..)
Do you have any more info for me on this - stats look unreal!
Thanks.
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DowJonesDave
Aug 06 at 9:57 ET
The only thing wrong that I can see is that eps will decline from last year according to estimates. But given the sales growth and recent latest qtr results it will be in growth mode pretty quick. I don't follow insider trading much they sell and buy shares all the time. The insider trading probably had a lot to do with the decline.
I'm primarily a technican, but i stick to undervalued stocks, and I think technically this is a good move. I'm also short term so my opinion can change on a dime.
I like the website. I'm a webmaster myself and use old style html by choice for speed and ease of use for the visitor. The size is set for old guys like me who use 800 x 600 resolution. Mostly my position is based on technicals.
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blacktuna
Aug 06 at 10:10 ET
The stock looks like a steal.. I think I'll get my toes wet and buy some... ROE is at 35% which is phenomenal, means to me that the company is in good financial condition.. EPS decline shouldn't lead to such a tank.
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dirtyharry
Aug 06 at 11:55 ET
I'm sold. Looks like some nice potential for a long swing trade.
http://www.freevaluestockpicks.com
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blacktuna
Aug 06 at 12:20 ET
Me too.. just bought some :)
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blacktuna
Aug 06 at 12:25 ET
Short interest under 1%.. looks like the sharks aren't nibbling at this one..
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DowJonesDave
Aug 06 at 3:56 ET
remember your trading decisions are your own. Any position should be part of a diversified portfolio.
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dirtyharry
Aug 07 at 12:24 ET
Agreed Dave. Just out of curiousity, how did you find this one? I'm impressed.....
http://www.freevaluestockpicks.com
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DowJonesDave
Aug 07 at 7:34 ET
Found it by the numbers/ Barron's stock tables
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DowJonesDave
Aug 14 at 7:23 ET
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