It is interesting to watch. Everytime the price gets near 11.20 the seller dumps a big chunk at market. The trade today would be to put limit buy orders in around $10.90 and sell at $11.10 rinse and repeat all day long.
All we care about is that this a very cheap stock and a company run by some savvy people. Note that the $3.60/shr of excess cash is earning zero. When they make an acquisition it will add $.40/shr to earnings.
Do you think they are close to another aquisition? It looks like they picked up some incredible deals in the past. I can't imagine there are many of those opportunities around. If nothing else, it is nice to see that management is being patient with the next one.
Big seller does not want investors to think things are OK. They hit it in an up market to cause selling. Let's face it why would someone be so aggressive in selling on such a good day in the market. Manipulation only.
dont throw the baby out with the bath water i am more impressed with the future predictions with ufpt and the auto industry , the $16.50 price target and the volume spike today . i sure hope this company gets its respect some day soon , even with slow growth at some point it seems to me you cant ignore the bottom line numbers.