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ratobranco

08/10/10 11:00 PM

#47806 RE: steeledge #47803

HQS - Well, here's to hoping you got out, and also that you didn't take my advice and buy SIAF instead of HQS. At the time of that post, SIAF was 1.50 ;-)

BTW, after a second look, I think you've probably found a good one with OINK. Their pro-shareholder EPS covenant approach adds a lot of credibility. In this space, finding management that takes shareholder value seriously is half the battle.

As I said, the one thing I don't like is the micro float, but you are right that in a bull market, with momentum players involved, a micro float can generate some serious returns. TRIT and RCON, two other A&S IPO's with micro floats, each went parabolic at times last year, doubling in a very short period of time. Maybe OINK will as well. One thing is for sure: the company is undervalued right now, all the more so at the 3.70-3.80 range where you bought in.