I am cautiously optimistic. I am a long term shareholder and this stock was in the 20s just a few years back. They have been implementing cost controls for the past year and seem to be making progress, and have restored profitability. If they continue to eliminate low margin product lines and pick up share in their higher margin product, profits will continue to grow. MDCI trades at just a little more than .25x sales (point-two-five). That is incredibly cheap. I'm surprised they haven't been taken out by a company that is able to monetize their assets and market share better. I have a good holding, but am considering adding to my position especially as it is down after blow-out earnings (beat estimates by 12 cents, I believe). They are speculative but have good potential upside.
You are correct Rex....technicals look good as well. This is a highly under followed company but doing the right thing and making money. Very small float as well. Think this could run in the $20's again at some point. Need some more exposure and following. Probably will be taken out before long. As I said,,,, see this going to at least $12.00 in the near future.. Technically has done a lot of the work it needs to do.
Correct! Same low margin products year over year and they are totally at the mercy of raw material costs and China's fluctuations in labor and currency... Do yourself a favor, and find another place to park your $ - unless it goes back to $4.