Congrats all MDF and Mike Earley believers!
What a great Q4 result (which usually are weak quarter) and 2009 result! I'm so proud of Mike Earley and Jose Guethon and team... working very efficient company... hope MDF (and all your employee) are proud of the 2009 achievement (and the journey from back starting in 2005-2006..
And finally our patience is paid off.. and I'm not even referring to the recent stock price increase.. but the net income increase...
hope the price stays below $3 for another year or two and let MDF completed their buy back program.. and at this current pace of the buy back, I wouldn't be surprised if MDF earning will be .40-.50 per share (20%-50% increase) within 2-3 years) .. though I think it will be closer to .40s than .50s though... still a great story..
I'm still long and strong... still don't see any reason to book any profit or swing trade this stock (though in the past it has always dropped again after a big rally like what we see recently). I guess if it dropped again, I just have to buy some more (though it might not be prudent since I already have a lot of MDF shares)..
Stan
PS: Thanks for the best wishes ghmm... I'm sort of hoping that they will institute dividend soon, but the other part of me wants them to continue buying back shares and probably see if there are other opportunity they can exppand (like CNU for example, they expand to sleep center and seems very successful, but yes, no HMO business please :) )
