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Main St. & Main, Inc. (MAIN) Message Board

daltomah 1 post  |  Last Activity: Sep 2, 2015 12:01 PM Member since: May 4, 2012
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  • Reply to

    where did all the tards go?

    by long_2020 Aug 26, 2015 9:39 AM
    daltomah daltomah Sep 2, 2015 12:01 PM Flag

    You are misrepresenting the trading 52 week trading range.

    While shares are up from the 52 week low of $1.90, they are also down tremendously from the 52 week high of $6.89 per share. Today's trading at $2.51 illustrates share prices are up 32% from the low but are down 74% from April.

    It is very obvious that MIFI is on a downward trend and without a significant catalyst that trend should continue.

    I follow the ResearchTeam analyst firm through Ameritrade and they report that MIFI has gone down 54.08% since they downgraded them from Hold to Reduce. That is staggering. You have to wonder about their ability to remain a viable business. With a current -.67 EPS, that may happen sooner rather than later. A merger or buyout is the only hope here and I can't see any other wireless outfit wanting to buy into that debt.

    I am always looking for opportunities but Novatel isn't one.

31.48+0.13(+0.41%)Nov 27 1:02 PMEST