Where are the buyers for this? Here we have a company that is a raging bargain (assuming they hit their forecasted numbers this year) let alone if they then grow again next year, and the year after...
their cash balances are clearly increasing (and quickly)
they have no debt. And yet there seems to be little interest in the stock even at these levels..
Now:
A) why is someone/some peaople still selling it and;
B) why isnt an insto or other large buyer stepping in?
I've been in the market for a while now and i have a rule - if a stock isnt trading like it should be there's ususally something wrong.
It's an unusual situation, we either have a stock that is the bargain of the year or the con of the year.
but given mgt. re-iterated their forecast with just a few days left in the finacial year i fail to see how it could be wrong.
If they hit their number the stock is on a p/e of something like 3 or 4, a clear buy. So where are they buyers??????
I like this stock/company, ut just playing devils advocate here.
Imho there should be large players stepping up at these levels, but there isnt.
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