You guys are going to regret if you are selling now...There is no way company like this can stay in the market for long in this cheap price. I think any other competitive company will start buying and when they collect significant amount of share they will bid this company.
Agreed...the last recession is pretty fresh on my mind. I thought alot of things looked cheap..but they just kept getting cheaper.
The mortgage industry got us into this mess by loaning people money that couldn't afford the houses they were buying. If SIMG went under 3 I would be a buyer though, seeing as how they have $2.55/share cash in the bank.
Company is still profitable and is not going anywhere because it doesn't have any debt and they don't feel like borrowing. I don't think no matter what happens, this company is not going to sell below $3.50 even we end up with recession and houses are selling at 50% discount. They have cash...and cash plays very important role...Also this will be defensive in recession market becasue there are lots of other company will be going lower than this. You are completely wrong in case valuation and stock trading, you could be day trader or short seller. watch out what you are doing... in next 2-3 weeks...You will definitely regret...
Oh really! And what if the market continues to correct. How low does it go. In case you haven,t noticed liquidity is drying up and a credit crunch is in the making. This is usually what sets off a recession. Let's say we do get a recession, SIMG would sell for $1.50