Expert: "There has been a buying surge that will show up in profits, but it won't be sustained," said Michael Farr, president of Farr Miller & Washington, an advisory firm. "The demand increase has been pulled forward because of the threat of legislative action." As a result, sales may slow going forward. This means a likely rally on anticipation of strong quarterly results in the near term, but a temporary one, Mr. Farr said.
Here's what he is missing: A lot of people don't know anything about guns now ... and they don't own one. Now they want one, but you don't just start shooting ... it's like learning to drive. There is a waiting list to sign up for training. Once people learn how to shoot, they will want to trade in their starter gun on a new, bigger gun. Then once they feel comfortable with a gun in the night drawer, they will want one to carry. Then once they learn more about firearms, they will want a shotgun for home protection. This could go on a lot longer than anticipated by the so-called experts.
Definitely setting up but want to see more volume on the plus side. Need a decisive move through 28 ON VOLUME!
They will probably get their .15, but it all depends on rounding to the closest penny. Maybe they will squeeze out .16, but it's hard to believe you will see some big earnings beat.
I don't have any doubt that HBKS is a great bank and stock ... and it's undervalued.
The problem is, after some people have owned the stock for many years of underperformance, a lot of the current value is being shifted to the insiders. There was no need to change the rules on issuing options or to reprice existing options.
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Someone pointed out to me that the options issued this year were explained in a separate filing. The price was exactly $8.25.
Definitely a lot of inside buying, which is a good sign. If insiders want to buy on the open market - fine, but some of their option deals last year were getting a little greedy. Mr. Ives is probably a great CEO, but he needs to think and write a little more about corporate goverance. He just talks about the economy and business ... has never said a word about being fair to shareholders.
When you have insurance, the ins. co. pays your legal expenses to defend the case. The CEO said in Q2 our legal expenses were high because we had to file a brief on the summary judgment motion. So the company was paying the legal bills itself ... ergo, they don't have ins. to cover this case.
"Mr. Ives is probably a great CEO, but he needs to think and write a little more about corporate goverance. He just talks about the economy and business ... has never said a word about being fair to shareholders."
You would think a lawyer/CEO would be more attune to these issues. You file documents with the SEC; the whole world can look at them. Lawyers must think everyone else is stupid or something!
People want to keep up with the news before anything
O'Neil also said stock moving up on a down market day shows strength: that still looks true!
Low volume means still in the handle phase ... but so far so good if it stays in that 26-28 channel on low volume.
"We see substantial opportunities for FB to add travel services ... it would work even better than FB gifts. E.g., Here's a link to buy a discounted ticket to see your friend in __________. You even get the FB discount."