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Sunday, August 28, 2005 8:06:34 AM
Even with a very conservative P.E. of 8 = $1.76.
That probably why the stock price more than doubled after it was announced. Then, we see profit taking on much lower volume. I have already purchased and received items from Veltex and I know that they are great quality and low price.
Bashing may scare some people out that's the purpose isn't it? Independent sources reveal that Explorer Headgear had sales of $23 Million in 2004. This was a great acquisition as the share count only increased by 2 million. Profitable growth is the most important factor in stock selection. The price went from $1.50 to $1.43 on a 500 share sell. I've seen quite a few 100-500 share sells that came after 4,000 share buys. Stock prices can and are manipulated in the short term, but as long as fundamentals are improving, then the stock price will eventually follow.
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