GIFF, The stock is trading at book value, so from an assets Perspective it is cheap. Generally stock like this go in streaks means we get several good quarters in a row, not just one. Q2 is generally their best quarter revenue wise. q1 is generally a seasonally weak quarter. The wildcard here is gross profit margins. I believe they continue to improve for the coming quarters if, I'm correct it will make a good trade. I'm not looking to hold this for long-term gains I want to make a quick buck. The company doesn't give guidence as far as I know. even at .33 considering the balance sheet if that is annualized we are trading under an 8 PE (fully taxed) with a strong balance sheet. That is my definition of cheap.
I think they will post higher revs in q2 versus q1, which will work out to higher Net income (greater then .33). If I'm right the stock will get a pop, I take my nice profit, and that's how we make money. If I'm wrong, I will take my loss and move on, I brought 7 new stocks todays, CGL-A is not my favorite of the 7 I brought today. SENEA is my favorite food play followed by OFI, then CGL-A, then GXYF.OB (Don't own GXYF.OB) in that order. I think OFI Has the most potential of the group in the long-term in my opinion. Granted I could always be wrong though.
