Because this stock is not heabily traded you will see some strange movements in the price. For example this recent run-up was due to a brokerage house buying a lot of shares in a very stupid way, they just dumped a 100k buy on the mnarket and didn't stager it, therefore the price shot up to accomidate it. Overall this is a solid buy and I can garauntee you that the management is in a very comfortable bussines. They are expanding internally as well as internally with aquisitions. This has been their practice for years since Hughes came in as president and they had increased sales at a quick pase considering the industry. A solid company with a solid future.
If you will notice all of the insider selling is done on a very consistent and steady basis, not reflecting anything that is in the future for the business. Many of the management have large chunks of stock from options and are in no need of any more shares, you have to remember, a couple years basck this stock was only a couple bucks and now the management is doing well with the ir large positions with no need to buy more even if they know the future is good. This correction we are seeing is long awaited and needed to bring this up to the proper valuation. If they beat their estimates this quarter lok for the stock to move up to the 18$ range
I recently noticed that Oil-Dri is planning to purchase Fuller's Earth Business from AMCOL. Can anyone tell me the implications of that for AMCOL? Does it mean AMCOL is getting out of the cat litter business? Or is it going to be good for AMCOL?