I don't see much evidence of a buyout on today's volume. It's possible that it's the end of the month and last day of the quarter and maybe some players have been trying to put on a position in Q1 since the positive conference call. But there has just been a relentless upward trend in the stock price giving no chance of buying on a pullback. Finally giving in and buying on the last day. That might be one way to explain it.
As I've said, someone on this board mentioned that they targeted a $19 stock price by the end of the year, but I believe $19 is way undervalued and I'd be disappointed if this wasn't in the $20s after the next conference call. I think the rest of Wall St. is finally waking up to this stock for a few reasons.
#1 The market cap while still small is starting to become significant allowing some funds to be able to take on a position. A few years ago we were at below a $30M market cap.
#2 Quarter after quarter of improving business conditions and bottom line numbers. This stock is showing up on people's stock screens.
#3 Ever since late 2011/early 2012, the stock price has been heading up and up and up. That gets people's attention.