Replies to post #64165 on Savvy Trades and Investments

[hweb2]

QBAK getting a bump on continued insider buying:

https://www.sec.gov/Archives/edgar/data/9235/000110465919047779/xslF345X03/a4.xml

CEO seems to be buying almost every day. And the company likely continuing its buyback as well. That already low float must be getting really thin!

I thought QBAK had a decent Q2 report earlier this month. Excluding the $190K charge, they earned .09/share in Q2. Balance sheet is terrific, with $2.30/share in cash. QBAK has that product they're developing with Sony...which should launch next year. One last tough comp, then they'll get much easier. Earnings could recover dramatically next year, and the stock has a ton of rebound potential. Especially with that shrinking float.