BLTI was up nearly 30% today at one point. Going to $5 short term IMO
Laser dentsitry equipment supplier BLTI was the strongest NASDAQ stock today. It is down 50% from its highs in the $7 range and IMO will quickly bounce back to $5.
-Small tightly held 25 million float.
-Insiders recently bought above $4.
-Institutions recently invested in private placement above $5.
-BLTI has over 100 patents. BLTI technology has many other potential applications (dermatology).
-BLTI is in better shape that in 2007 when it traded in $8 range. Selling expenses have been cut in half, and the company now has very healthy balance sheet.
-BLTI is heading into strongest part of year. Most sales are in Q4.
-BLTI is cash flow positive now based mainly on domestic sales, international sales now gearing up (India, China).
- The two top US hedge funds, Blackrock and Renaiisance, own big posistions.
-BLTI at one point rose 30% during the worst market day of 2011. That tells you all you need to know.
$5 short term.
