I had 50 down stock positions today, one up, and one flat - AMNF. . .nice to see such strength in a 600 point two day Dow drop. I do find it funny that people will accept 3% return on a ten year treasury return rather than stocks paying 5 or even 6% - and especially stocks like AMNF or say Chevron that increase their dividends so often.
It's funny. About nine months ago, I saw a price target set for Armanino at Connecticut Comments at 1.40 and I thought it was a joke. Now the stock is at $1.40. They have since raised that target. Let's hope they got it right twice. I think they are now at $1.60 or $1.80 (I don't remember which)
Its worth $2.00 a share. Do a dividend growth model calculation, then compare it to industry peers. Once we hit $50 Mill in annual revenue in 4 years, we will start to be on the radar as an acquisition candidate
Palpitations today! I actually sold 4.5% of my position yesterday at $1.36. I could not pass up CVRR at $27.40, So far it is working out great but I don't feel good EVER about selling AMNF. I have more than enough left.