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?