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Universal Security Instruments Inc. Message Board

  • doublet732 doublet732 Sep 24, 2007 4:14 PM Flag

    how low can it go?

    Its starting to look interesting down here..though I feel that there's still significant downside left. I can't help but look back to 2003, when at a low of $4.2, it was trading at a P/E of just over 4x, during a period when earnings were still growing.

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    • From the volumes that is trading <selling> it is clear that these are institutional investments (mutual funds).

      Since this is the end of the Q, the mutual funds don't want any "loosers" on their books, so they are dumping.

      I wouldn't touch this stock this week ... NO WAY.

      I think the middle of next week the bleeding will stop (hopefully).

      This stock looks good on paper, but it's an obvious falling knife right now.

      I'm personally going to wait for a solid base to form before I jump in. I don't own any UUU yet.

      I'm personally long. I've been burned before buying when it looks good "on paper" but technically a falling knife.

      My advice to anyone who is thinking of buying now ... let the m funds get out, then let a base form ... then buy!

      The big elephant is exiting the room ... don't get squashed going against it.

      If you want to really be clever ... short this week (if you have the sack), then cover next Mon/Tue.

    • UUU Canadian Conduit Company is expected to be profitable in second half of 2007, not second half of FISCAL 2008.

      • 1 Reply to carolledavebooks
      • Neither. This is the statement with Q1 results:

        The Company said key factors during the period included a $414,000 loss at its Canadian steel manufacturing operation. Universal said that due to additional capacity brought on line in June 2007, it expects its Canadian operation to return to profitability in the second fiscal quarter.

        So it should be profitable THIS quarter. In the fiscal Q4 PR it said second half of '07. This is an improved statement.

6.063-0.087(-1.41%)Jan 29 3:42 PMEST

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