I just noticed another positive. We will loose our 52 week low of 13.57$ soon. In 14 trading days our 52 week low will be up to around 20$ That's going to help make the current price look like more of a bargain.
"But let us say that the company doesn't miss? What do you think will happen if it beats estimates to all those short sellers? They will have the short squeeze of the century happen as 30.7% of the float will need to be covered. And, as one short seller covers, it will put tremendous pressure on everyone else to do so or get slaughtered."
Yet again here's that argument. Perfectly reasonable. BUT the fact is we have reported stellar earnings growth over the last 12 quarters including the worst recession since the depression. Why will this quarter be "the big one" that breaks the shorts' will?
A profit of 70 cents will be a boon to investors. The real catalyst to move prices up would be an increase in the quarterly dividend. A hike to around 40 cents would leave more cash on hand for expansion compared to paying out big special dividends, and it would bring value investors to the table that currently feel a 2.75% yield is a little weak.