SwingTrade Member Forum

[MikeDDKing]

I've been buying UVICF pretty heavily as of recently. UVICF makes contact lenses. They made $0.11/share in the quarter reported on Friday and $0.42/share for the TTM. They pay a hefty dividend of $0.09/share/quarter for a yield of almost 10%. They last traded at $3.70 and have been undervalued IMO because of the overhang of 48% of their shares which were held by an entity in liquidation. They are going to buy back those share for $3.15/share pending stockholder approval which IMO is a nobrainer to approve. That buyback is going to significantly increase diluted EPS going forward to something like $0.70/share/year. IMO the stock has a good chance to double in the next six months.

http://finance.yahoo.com/news/Unilens-Announces-Stock-prnews-2404444871.html?x=0&.v=1