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CSP Inc. Message Board

  • victorcreo victorcreo May 21, 2013 10:18 AM Flag

    Maybe I'm stupid. I dunno. Let's see.

    Alright. I bought 2500 shares of this company around $5. Doing very well. But I am a little confuse. The P/E is around 5, the debt is 0, the dividend is at 5%, the margins and returns are all positive, (would like them to be higher, but positive nonetheless), and the stock isn't really moving. I know it's gone up quite a bit the last few weeks, but come on. This company should easily have a stock price of $16, and even then, I'd still consider it a buy. With the nice dividend, hell my exit was going to be around 20. Anyone have any insight into why it's not just skyrocketing? In my opinion, incredibly undervalued.

    Sentiment: Strong Buy

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    • It is consolidating nicely. Market in general has a short attention span. It is is a micro cap stock that does not get a lot of attention. Above 10 expect more momentum and with new highs more attention. Hopefully no more proxy fights getting in the way.

      • 1 Reply to kkcchingg
      • I'm with Victor on this one. It is confounding me. I looked at the stats and went, "now let's see, ok 30 mill market cap, revenues of 90 mill, hmmm...maybe no profit...no, wait, there is a 7-8% net profit margin, ok, then there's got to be a ton of debt...oh wait, no, zero debt...ok, then there must be zero cash so that they will have to do a secondary...no, wait, there's $4 per share in cash or have its market cap..#$%$!!!! Did everyone stop buying this company's services all at once????

        So the only thing I can find (so far) is the illiquidity of the stock. This is a roach motel stock - you can check in, but you can't check out. I may still buy it.

 
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