Savvy Trades and Investments

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Anyone still have TAIT? Starting to look appealing down near $3 imo. Stock has been hanging in the mid $3's for months...then got sold off this week to a new 52-week low. Wonder what's up? I don't see any news. Some volume on the selloff too. So that's not great. Guessing a frustrated holder with a decent position is bailing. If that's the case, and there's more shares to sell, stock will see the $2's.

TAIT has pretty solid fundamentals and a low float. Yes Q3 revenues stunk. The second quarter in a row of plunging revenues. They don't put out earnings PRs, so it's tough to know what's going on. On the plus side, they still earned .07/share in Q3 even with the weaker revenues. And the balance sheet is excellent. Looks like they're sitting on $1.45/share in cash & investments, with no debt. TAIT also pays an attractive dividend, current yield is 6.4%.

I nibbled on a few shares today. Kinda at the mercy of the recent seller. But will gladly accumulate more in the $2's. Not expecting terrific revenues/earnings anytime soon, but the balance sheet & healthy dividend should offer some downside protection.