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Guaranty Federal Bancshares Inc. Message Board

  • stocktrader486 stocktrader486 Jun 4, 2012 10:39 AM Flag

    Debating on taking more... not sure if too soon

    looks like financials will probably be in the hurt and stocks will suffer (gfed included)

    Anyway - I am looking to get more shares.. I started 1/4 position in mid 7's... and am looking to average down as downside looks fairly small...

    Obviously I would rather get in as cheap as possible but also don't want to miss a run on next q eps either.

    So.. just wondering what other buyers are saying. Thanks -

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    • Dollar cost averaging is a good approach with GFED.

      GFED didn't drop as bad as the major indexes Friday. That was a really good sign for a small cap stock.

      GFED underperformed the major indexes today. That wasn't so good.

      My best advice is that GFED is certainly cheap right now, but beyond that, it's impossible to predict price action. There could be a buyout offer on the table tomorrow, it might drop a little further too...

      The knowable aspect of the equation is that this is at Extremely attractive earnings and book value multiples.

      The market is starting to see some attractive prices. The Dow has seen about a 10% correction from it's peak, and that is a significant number for some technical minded buyers to begin buying into the market. Additionally, May has been awfully weak over the last couple years and we have gotten past May at this point and have earnings season approaching soon again.

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