buying DAIO at these levels should yield decent ST return
DAIO based in the 1.40's. We know revenue for the upcoming quarter is is $4.75MM and trending higher for a stronger second half. stock is dirt cheap. new refocused mgt team. company should def not remain private if they cannot achieve cash flow positive within 2 qtrs otherwise they are bleeding cash for no reason.
Markey cap is $13MM and they have $10MM cash.... what am i missing that is preventing this from doubling if we are able to get back to $6mm quarterly revenues. Is this a declining GM story at this point?
Wow - great foresight on this one as I trace back to your post and you bought in at the very low and then had the conviction to add when it rose. I would have needed a few quarters to play out as the company was in turmoil during this time.
good time to re-add for a continued run to the mid to high 2's. The small / micro cap run is extending due to continuous liquidity being added to the system, especially for names that are trading near BV and showing stability.
If no fundamental improvement is shown at that point, time to move on from the trade.