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Re: Gator-Trader post# 6640

Wednesday, 09/08/2010 1:57:24 AM

Wednesday, September 08, 2010 1:57:24 AM

Post# of 54312
The age old question. I'd always recommend taking enough profit on a nice run to at least cover your initial investment. If you're looking at fundamentals this has the makings of a long term play, but the tight float is going to make a huge run possible.

The main point of interest for me was the 150M share buyback they did. Their share structure was not unreasonable before the buyback, but the company went for shareholder interest and cut the O/S in half. That's a pretty big deal and looking at the chart it pretty much went unnoticed, which tells you how quiet this thing has been. An undervalued low floater flying under the radar. I like it.