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Escalade Inc. Message Board

  • gaurav_981 gaurav_981 Jun 12, 2011 1:53 PM Flag

    Is it a good buy at $6.4 approx ?

    I see the insider buying but is it too late to step in for 15-20% gains over next 6 weeks ?

    Thanks for your inputs

    G

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    • The time to buy was at $5.75. Why did you ignore that chance? Why did you need the stock to "pop" like it did on Friday to "want" to get in? If you buy in now, sure, it could run up and challenge $6.75-7.00...but insiders could also step aside, for now....and let it drop back to $5.50-5.75, before buying again. Or the window for buying could be closing soon, with a quarter ending in a few weeks.

      Longer term, the insider buying PROVES to me that the fundamentals are going to keep getting better here. I personally think they could grow EPS 20% a year, for the next couple years. Which makes me think we're going to see $10 in about 12 months...and maybe $12-15 in 2 years.

 
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