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Local Corporation Message Board

  • tanalyst2000 tanalyst2000 Aug 31, 2010 9:14 PM Flag

    $5.13 is 50-Day Moving Average

    and LOCM was trading in the $6's and $7's until just 4 weeks ago --- we should AT LEAST bounce back above the 50 DMA ($5.13), probably as soon as tomorrow.

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    • yes, and the whole move below $6 was totally bogus, anyway; and the company reported to the SEC the nefarious activities of those responsible for the vicious assault upon the company and its shareholders. Thus far, the SEC has not moved to bring those people to justice (surprise, surprise!).

      Nevertheless, stocks do not trade for very long at such incredibly compelling valuation-levels (LOCM is trading at a forward P/E of only 3.86!!!)

      I think it's interesting to note that, of the analysts that cover LOCM, the LEAST enthusiastic price-target is $11.

      Are there any other stocks available trading at a forward P/E of 3.86, where the most pessimistic price-target is MORE THAN A TRIPLE from current levels?!?!

      I'm not the type to back up the truck and mortgage the house and go all-in on a single stock; but with LOCM it is tempting.

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