Is the board's concensus that API will languish around 2 until close to next earnings report? I ask because I now have a few thousand in long term gains and I have a few stocks I would like to add to my position as I beleive they will outperform API short term. The action after their latest earnings tell me most were not real happy with the results. It's always hard to dispose of something that you believed in and still believe.
It's my opinion that API will be bouncing around in the low $2's until some PR happens. I believe API is a good company to own, but it will probably be a long boring quarter before their next earnings release in late June. If you're willing to buy and wait, I think you'll be happy buying API. But if you're looking for short term gains, I suggest you go elsewhere.
That's at least my take on things. But with these microcaps, you NEVER know. I for one plan to write a nasty email to the CEO regarding their lack of announcements. There's really no excuse for it because I recall they used to have regular releases before.
One good bit of 'news' is that the insiders have not sold (at least to our knowledge) at these levels. Since 4/24/02, insiders have bought a total of 125,100 shares at prices as high as $1.45 - the most recent purchase being at 10/21/03. That's a LOT of shares to be buying with their OWN money! In that time, not one single share has been sold by them. Not too bad. So when cash says the mgmt hasn't been talking, its untrue. They HAVE been 'talking'. With their OWN money. By buying. And by holding on at these current levels!
Cash will tell you that the revenue will dry up because R&D has been going down. But you look at the FACTS, and you look at the latest release, and its actually the OPPOSITE. The revenue is going UP and they expect to CONTINUE for next year as well! They must be genius! I nominate cash as the 'API Person Of The Year' Award!
www.savethechildren.org You don't have to be a genius to help the poor.