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Ikonics Corp. Message Board

  • stillwater9999 stillwater9999 May 2, 2013 7:21 AM Flag

    Mr. Nerges buying more

    at prices over $13. Very interesting. Have to wonder what his exit strategy is.

    sw

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Have to believe he sees substantially higher eps in future, implied by most recent quarter report, or buyout. And given disclosures he received he has full information for company's strategy. Does anyone have a sense of whether IKNX would be attractive acquisition in niche they have created? Or are they too small to be worth the while for a larger company?

      • 1 Reply to bbur2004
      • First, the insider buying. i don't think you are buying if good things aren't happening at the company. 2nd, as far as a takeover - not happening - you don't do all the hard work for the past eight years, then sell it for peanuts. This is the type of stock that flys to the stratosphere with a few good earnings reports in a field that is getting ready to explode. think fiber optics back in 2000. All those stocks flew, so a company like IKNX is getting ready to take off, just need a little catalyst, whether thats earnings, contracts, new products, whatever. Well see how this plays out, but Mr Nerges buying sure confirms that the guy knows a good company when he sees one. he was buying back years ago when people thought "what the hell is this guy doing" but he knew exactly what he was doing. The guy is dam patient too and now his payday looks like its slowly coming to fruition.

 
IKNX
23.205-0.645(-2.70%)Jul 24 3:59 PMEDT

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