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CSPI...Thanks BTuna...Sounds good!...And a BIG +++++ is CSPi's

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2morrowsGains Member Level  Wednesday, 11/24/21 11:02:57 AM
Re: BTuna post# 92857
Post # of 92927 
CSPI...Thanks BTuna...Sounds good!...And a BIG +++++ is CSPi's balance sheet. And their growth in managed services.
I know I've chewed my cabbage over and over again on this but CSPI is trading @ approx 2x net cash building a nice recurring revenue stream while increasing gross margins QoQ. And managing cash wisely.
MININIMAL downside risk!!! (Supply chain issues? Maybe, but that will work itself out eventually)

Anyway, BTuna, you won't believe this, but I think I'm done buying/adding CSPI for the year (lol). Was able to add quite a few shares in the $8's and have built my position to an all-time high. (I'm way overweight the stock).
Now sit back and wait on earnings. Hope I'm right. Just don't see downside heading into 2022, but you never know...

(Side Note: I look at it this way...I've had good gains this year. Ballparking some #'s, Let's say between state and federal I top-end in the approx 35% tax bracket combined. If for any reason I want to sell some higher cost CSPI before year end at a loss, I am only losing 65% of my initial investment on those shares. So well worth it building a huge position into earnings while the stock price is in the $8's. Hopefully I won't be in a selling situation though and I keep holding all my shares into 2022. :] We'll see what happens.).

BTW, I'm thinking/hoping the dividend gets reinstated one day as CSPi continues to build recurring revenue. They have a strong past of being very shareholder friendly...

Hope you have a nice Thanksgiving.

The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
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