Bought CBIZ.......Will hold for a run to $8.
I really like this little growth stock. The company is buying their stock and insider are buying monthly. I also like their business model. Tax time is coming. This company has 5000 employees within many states. I believe this stock will soon break thru the 52wk high of $6.90 and continue north to $8 or more. It could happen real fast. Maybe by mid Jan.
Here is what the company said during the recent earnings report...
As we enter the fourth quarter, our momentum continues to be positive. We expect to achieve growth in earnings per share for the full year of 2005 at the high end of our original guidance - an increase of 20% - 25% over the $0.21 reported for 2004. Our cash flow continues to be strong which has enabled us to continue our program of making acquisitions, conducting share repurchases, and reducing debt throughout this year," concluded Mr. Gerard.
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CBIZ is a provider of professional business services to companies throughout the United States. As the largest benefits specialist, one of the top accounting, valuation and medical practice management companies in the United States, CBIZ provides integrated services in the following areas: accounting and tax; employee benefits; wealth management; property and casualty insurance; payroll; IS consulting; and HR consulting. CBIZ also provides internal audit; Sarbanes-Oxley section 404 compliance; valuation; litigation advisory; government relations; commercial real estate advisory; wholesale life and group insurance; healthcare consulting; medical practice management; and capital advisory services. These services are provided throughout a network of more than 140 Company offices in 34 states and the District of Columbia.
CBIZ Facts:
? One of the top ten accounting services providers in the U.S.
? One of the 10 largest valuation firms in the U.S.
? #1 benefits specialist in the U.S.
? Nearly 5000 employees in more than 140 offices nationwide
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Composite Indicator
Trend Spotter TM
Buy
Short Term Indicators
7 Day Average Directional Indicator
Buy
10 - 8 Day Moving Average Hilo Channel
Buy
20 Day Moving Average vs Price
Buy
20 - 50 Day MACD Oscillator
Buy
20 Day Bollinger Bands
Hold
Short Term Indicators Average:
80% - Buy
20-Day Average Volume - 238825
Medium Term Indicators
40 Day Commodity Channel Index
Buy
50 Day Moving Average vs Price
Buy
20 - 100 Day MACD Oscillator
Buy
50 Day Parabolic Time/Price
Buy
Medium Term Indicators Average:
100% - Buy
50-Day Average Volume - 234784
Long Term Indicators
60 Day Commodity Channel Index
Buy
100 Day Moving Average vs Price
Buy
50 - 100 Day MACD Oscillator
Buy
Long Term Indicators Average:
100% - Buy
100-Day Average Volume - 206314
Overall Average:
96% - Buy
