I can confirm that about 50 salaried people were let go at Sypris Electronics, several weeks back. Also they've been asking for volunteers to take unpaid time off...
Re: anything under $15 being a bargain, check what the insiders sold for just a few months ago. I think they're probably as surprised as the rest of us at how high the hype for the secondary has been able to take (and keep) this stock.
Big deal! That was ONE (1) insider, the CEO James Cocke, 5 months ago. So he took out $175,000. Maybe he wanted to buy a boat. Small cap stocks go up and down like crazy in this market. Now it is down. Soon it will be up again.
paddydo It's no big deal that James Frigon planned to sell 17,705 shares at $18+ on June 4th - although it is funny how these Insiders do seem to sell so they can buy a boat, just before the stock tanks.