It's not. The year project is for the stock to reach $7.00 so when it nears that people sell hoping to buy back cheaper. They are wrong and this stock will soon leave $7.00 in its back mirror.
The House and Senate will vote Thur. and the President will be hard pressed to veto it.Gill had said that if the bill ispassed it would release money for SYPR I think and this could be huge.
With the increase in volume all those that wish to take their profit they have the opportunity.
But with the increase in volume it would be a great time for the Company to repurchase some of their shares at these low prices and make acquisitions with those shares at much higher prices later.
If earnings continue at the last quarter rate this stock could very easily pass $20 per share.
If the next quarter er4nigs are the same or greater than last this stock will bounce to over $12. The earnings would be annualized $1.20 or more and at 10 times earns we would be at $12.00. I would like to hear other oppions.
I hear the deal won't be completed until the stock is at least $1.00 so that it won't be delisted when purchased. Does that make sense? There isn't anything now to show that there is a deal because of the low value. When the deal is done the volume will be huge 500,000 a day or more.
Gill may tell us that the company is in trouble when the stock is at $2.00. they were out of debt but it looks like we are headed back where we were. I can't believe the company can't cut expenses until they're profitable. I guess the salaries are just to high.