If you are looking to place money in the market, I like RSCR at this price. It is just past it's three year resistance of $9.00 and is banging off it like it is now the support level. Looks to go much higher soon. Market Cap $250 Million, Revenue $1 Billion 24 million shares, positive earnings of $.60 projected this year. Lots of Positive News.
Ok, you got me interested. Is there any good reason why it was downgraded in December from a Buy to a Hold though? 9 does look like a strong support level. I wouldn't call this stock beaten down though.
There's little to no risk in this stock, as I see it.
It's beaten down if you look at a 5 year chart, when it was selling at $25 a share. It also split twice in the 2 years prior to that. No reason why this shouldn't be selling at 1X sales, so we would need $30 per share more to reach that point.
I don't think it will happen overnight, but I do expect a big jump up soon, it's in the tea leaves. We could see $25-$40 over the next 18 months.
This is a big growing market and they are the dominate player...bottom line. I don't like the arguement about the Government and Regulations....what are we going to do as a society, let our most needy go without help...I don't think so.
I think that's the point. No one likes the industry and they are all trending higher now. The sector is beaten up badly especially RSCR and again from a technical perspective. It looks like next week when it hits $13, I'll be saying....I told you so....
For every buyer someone has to sell, so we'll see.