Wait a minute point 2 reduce outstanding shares and it doesnt make that much of difference 5 or 7million?
which is it?
Anyway at what price would
you buy more stock at?
Ask and bid price have $.90 difference.
I agree at this price it is way to low. But I am very confident in the very early spring we could see double digits. There is just to many positives with this company and the things like money on the sidelines, interest rates, stimulus package, the winding down in Afghanistan (((Iraw probably next though))), consumer spending, capital expenditures, etc. When we get to the double figures look for a at least a 2 for 1 split.
Cash is king.
And a buyback is usally a defensive move by a diluted
amount of stock.It just doesnt seem right for a small company to buy back shares with such a low number of shares outstanding.If prices fall and ,it needs the cash.Then disaster.
I dont agree with the buyback:but, I will hold on to my shares.
I hope I dont sound like I am trying to bad rap a good company.
What effects share price is per share earning power and not institutional interest. According to Peter Lynch, the less institutional ownership there is, the better the prognosis for a higher stock price. My favorite stock, Berkshire Hathaway, in the last 21 years is up 175 times. It is still under 20% owned by institutions.
I look for a split of 3-1 or 4-1 soon. This little gem needs a much larger float in the neighborhood of 18-25 million shares. I look for them to grow their bottom line significantly to support a PE of 14 to 18. Any comments on potential price of MAXF under that scenario.
a pull back is a prickly subject for us longs. I will likely be adding to my position as this may set up very nicely for an IBD cup and handle. No overhead resistance, strong fundamentals. It could be a big winner.