> I have started slowly picking up some more as it dips on
> low volume, starting in the 2.30's. Figure you're right
> about the acquisition effect on Q1; hope you're right about
> the short time to digest! Regardless, I'm semi-sorta-fairly
> patient.
Morning Scubavol,
Over the past 3 years, TARG has become profitable through acquisition. They have a lot of experience doing this sort of thing. This Discovery acqusition is the first one, in the past few years, that appears to have given them some indigestion. I think I posted something about valuation this past spring, before the wild summer ride -- that the pps should be somewhere between 2.50 - 3.50. That's still about right.
If there is some tax-loss selling in the next few weeks, I'll probably get some shares back that I let go this past summer. For short-term players, some cheap shares in the next few weeks, added to next Q's earnings being historically the strongest, a flip in Jan-March would probably be profitable.
A couple of other things to note...
(1) Take a look at the Institutional Holding link in the I-box. A few more small positions have been opened.
(2) Insiders did not sell on this past summer's run. Mr. Coventry, an outside director, executed and sold in early Oct. @ ~2.63, but he always does that. He's been doing that for years. He never holds his exercised shares, no matter what the pps. His selling doesn't concern me. I would only follow suit and sell if Swirnow, Hettleman, and/or Kinderhook/Geocapital started to unload.
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There is a little black spot on the sun today
