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Mac-Gray Corp. Message Board

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  • Howie58 Howie58 Apr 30, 2005 1:44 AM Flag

    Annual Report and Q1 CC: An Assessment

    Sir Slo:

    Nice to hear from you; share size is irrelevant; you want to make money and not see your profit slip.

    OK, I am not a technician, but it appears the stock has been holding its 50 day moving average since September of last year. It hit that today; next resistance mark is 100 day at 7.75--perhaps you should set a mental stop at that.

    Per my earlier comment--these folks want to become the kingpin in a flatlining industry. To do that, they will need to incur more debt to buy other operators. I guess the question is whether profits will grow with revenue. I have held on to stock with revenue growth and EPS stagnation and found that quite frustrating.

    We were down on relatively low volume today, but this was a big time up day for the market. If it holds here; today was a shakeout of weak hands. One way or the other, the stock just can't seem to break above the 8.90 range.

    I will observe and post. All the best in all endeavors.

    Howie

 

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