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Blonder Tongue Laboratories Inc. Message Board

  • fabulouspoodle fabulouspoodle Sep 19, 2012 10:04 AM Flag

    BDR....I bot some...

    Since earnings I've bought a position under a buck...albeit small.

    I've traded BDR a bunch of times over the years, but have been out a long time.

    There are a bunch of negatives about BDR...some posters have pointed out a few. BDR is not without risk at these levels...in spite of the fact that it trades at only 40% of tangible book (quality of net assets is not high).

    Nevertheless I bought because;

    1. In the recent past, any buy below a buck has been followed at some point in the near/mid term with an opportunity to sell at huge gains. I've bought several times near/below a buck, and both times the shareprice has risen to over two bucks within a year. At a minimum, BDR's lumpy sales and earnings have lead to periods with strong earings where the share price has shot up dramatically.

    2. There was insider buying at current levels a few months back...BDR has a history of light insider buying...so the 50,000 shares purchased by three insiders, while not earth shattering, may reflect on their confidence for a turnaround in the mid term.

    3. In the last conference call they were confident. Mangement stated that in the upcoming quarter, they believed that simply because of cost reductions they thought they'd be profitable in the June quarer. They then stated that revenues should start moving up in q4. They then stated that there were many new programs that customers are looking at right now that should further increase results in FY 2013.

    Now, management has been off before in their expectations for positive results. But in the past, while their timing may be off; results have gotten much better (at least for a selling opp) a bit after they expected. Buying now may be early....we do have some possible tax loss selling in December. But we'll see soon enuf when they release q3 results. If management is right about profitability in the Sept quarter, and offer positive comments going forward; the shareprice could move a bunch off these levels.

    best.

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1.753-0.017(-0.96%)10:38 AMEST

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