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Summer Infant, Inc. (SUMR) Message Board

  • o08o.ugh64w o08o.ugh64w Jul 2, 2013 10:34 AM Flag

    Now's the time to buy on weakness

    We saw the hiccup down to $2.80s.

    Acquisition of Little Looster looks good - immediately contributing to profits.

    Buying shares below $3.10 is safe. Below $2.90 is a strong buy.

    Francese recently purchased shares at $3.15 and $3.17 - this was the first insider purchase since November lows. Looks to be a positive in my mind.

    This quarter, sales/profits show continued improvement. Next quarter, the impairment charge from last year comes off and we'll no longer see it taking down trailing twelve month EPS.

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    • analysts have a $3.50 low and $4.00 consensus mostly with strong buy rating.

      • 1 Reply to reallycookin
      • I think they are just pushing their own earlier recommendations. Last quarter was poor for the most part, but if they downgrade what do they give for the price target? $3? My belief is they gave them a pass on the last quarter and are basically saying "we'll see what next quarter looks like".

        As I mentioned previously - I think there is a bit of uneasiness about the current and next quarter. I don't think we're going to be seeing surprises to the up side.

        I'll look to repurchase shares during the last 6 weeks of the year. Spring is when we'll see if things are really coming back together.

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