I don't think it will run like the last april, just because the outstanding shares increased when they last split which indicates that the float has increased which means there are more shares avaiable then last time. It also won't run like it did do to the recession, also zinz is a commodity that NGA uses to make its products.
I like NGA because they increase there earnings per share. I also have my own expectations and analyzing that I did to forecast the future for NGA.
The good things I'm seeing from management is that they had a 2 million dollar share buyback which will decrease there outstanding shares and increase their EPS ratio. That was a very smart move on there part to hopefully attract institutional buyers.
The only problem is that this stock itself isn't day tradable. Not enough volume plain and simple. If there was 10X times avg daily volume, then yeah, I'd day trade this stock. All it takes is one guy thinking: I had enough with this and I'm going to sale off 300,000 shares. This stock would tank.
If they earn anywhere near a dollar in earnings times the price to earnings ratio of 12 because of recession, this stock is valued at 12 dollars a share. I see it going to 18.
Hope this helps.
