I have no idea if NES is going up or down in the near future. There are no experts, only educated guessers.
In general, I was pleased with the results today. They signaled to me the beginning of a turnaround.
There are still a lot of issues in terms of debt. This makes me concerned about cash flow flexibility and the ability to grow.
I was encouraged that we finally saw a quarter with a significant increase in revenue, and a stronger forecast for the immediate future. It was also nice to hear some big financial firms asking poignant questions on the conference call, instead of concerned individual stock holders.
Big money is what makes stock prices move. It will only takes one of them to start moving into NES to send the price up quickly. The recipe for a quick rise in stock price is there with a low float and high short interest that will need to cover.
With that said, I would not be shocked to see it go down to $5 in the near future. For the first time in the longtime, however, I think things are pointed in the right direction.
