They are hard to find today. No news? Is this now a bargain at $1.80?
>>Is this now a bargain at $1.80?<<Even if you were to move the decimal point one digit to the left it would still not be a bargain.Go SHFL!
Check whatever you read below.The company's market capitalization at $1.80 per share is a little over $30 million based on 16,751,505 shares being outstanding as of April 30, 2005.Here are revenues and income from operations:3 mo ending 3/31/2005: $861,422 $(2,177,263)yr. ending 12/31/2004: $5,487,111 $(6,213,605)yr. ending 12/31/2003: $6,710,919 $(4,920,356)yr. ending 12/31/2002: $3,480,299 $(4,326,399)yr. ending 12/31/2001: $2,250,777 $(5,838,472)yr. ending 12/31/2000: $4,432,769 $(5,440,873)yr. ending 12/31/1999: $767,729 $(7,365,520)balance sheet infomation (03/31/2005):total assets: $23,493,750shareholders' equity: $6,133,257I am now short 11,000 shares of VNX. I don't see a $30-million-dollar company, so I don't think $1.80/share is a bargain at all.
VNX makes doorstops, you idiot.Sure was heavy volume on Friday. Something must be up.