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Superior Uniform Group Inc. Message Board

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  • jeroldh8 jeroldh8 Dec 8, 2009 11:05 AM Flag

    stock on fire today. what gives?

    Gee, if someone or some company is "accumulating" why is trading volume at near-record lows? Look at a chart before you post!

    If you knew anything about SGC you'd know the company does buy some of its own stock occasionally. An outside acquirer wouldn't make market purchases of SGC stock which is very thinly traded. I've seen the stock move nearly 10% on trades of just a few thousand shares.

    Market purchases would increase the stock price but do virtually nothing to help them take over the company.

    This is a family business with several younger family members involved.

    Also, the company really hasn't done well for years and the prospects aren't great. Easy to overlook that their sales have fallen in recent years even after they've done a few acquistions. I wouldn't touch the stock at current levels.

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