I follow BKN fairly closely. Have watched shorters murder this share almost into the dust. This iis despite good profits and 20% divs when SP at $1.oo. Finally the shorters have clled a halt and SP has jumped 24% in a single session. UGL has not been subjected to same extremes as BKN but i sense one decent size new tender win by UGL will see SP respond very strongly. I mean... what else can mkt do?? Pretend UGL is not really winning new contracts and is just pretending when announcing awards of tenders worth hundreds-of-millions of dollars. IMO only a wipeout on Wall Street can stop SP rising steadily.
UGL Price at posting:
$7.04 Sentiment: Buy Disclosure: Held