Fri, Sep 19, 2014, 4:14 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Cobra Electronics Corp. Message Board

  • longtimefollower longtimefollower Jul 1, 2010 3:48 PM Flag

    Block seller still offering 29,500 at $1.98

    Buyers step aside with microcaps, sellers sell in "panic" fashion, the same way back in late 2008 to 2009. It sets us up for another round of HUGE gains in microcaps, on the way.

    Specific to COBR, I view the fundamentals as pretty much the same here. With previous guidance of profitability in 2010, sales growth shown in the last couple reported quarters, mainly from new products, a decent new product pipeline remaining, and a need to "buy the sales" at the distributor and retail level, due to previous inventory draw downs (per COBR's last conference call), the reaction in selling this thing down to $1.85 has been an OVERreaction, imho.

    I think everyone can figure out my sentiment here. If I had excess capital, wasn't at 9.9%, and wasn't overconcentrated in COBR, I'd certainly be buying. That doesn't mean you should, or shouldn't be. I'm just expressing my view on the company's fundamental value. That is NOT a solicitation to buy or sell securities. Everyone needs to do his or her own due diligence.

 
COBR
4.280.00(0.00%)4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.