Somewhat encouraging sign this week. There's been a large buyer on the bid in recent days. So many stocks are flying in this hot market. Wish we could get some volume on NAII. Would clear out the last of the Borg shares and maybe spark a run to $15+...where NAII should be trading based on the strong fundamentals.
We won't know til we see earnings. If these lines are unprofitable, then this was a bad move. If they start adding a penny or two to quarterly EPS, I would expect the stock to move significantly higher. Let's hope management knows what they're doing.
Congrats on BGSF over $20! I owned it earlier this year, but sold much too soon.
Yeah what will BGSF do with the money. Sure they will be buying more companies at some point...that's their business model. Growth by acquisition. Does anyone own MHH? A cheap staffing company. Wouldn't be surprised if BGSF picked them up at $8-$10/share. Any other publicly traded targets out there for them?
There haven't been many order announcements this quarter. So I'm guessing Q2 revenues and bookings will be down sequentially from the blockbuster results in Q1. But they should still be solid numbers. And on the last conference call, they sounded like gross margins would improve in Q2 and the rest of the year. So I think they could still earn .30+/share in Q2 on revenues of $16-$18M. Outlook should continue to be quite bullish, especially with CyberGage revenues coming in the 2nd half of the year.
If not, why not? Company sitting on a $16M cash horde. Almost criminal for this stock to drop to the $10's after such blockbuster earnings last month. Surely Borg selling more shares. Now he doesn't even have to file. Why not do a buyback of 500,000 shares and clean him out. Borg is gone and we'll have a much higher stock price. Company gets to snag some cheap shares too. Everybody wins!