You are asking for advice here, on a chat board? Got two pieces of advice for you: Sell and stay away from stocks until you gain some knowledge about how it all works and how to value shares; and in the future and always, do your own research.
"Little volume" You have to be kidding. The average volume figure has been vastly inflated by recent activity. Today's volume is well above what it has been for a very long time
Well, Peckernose, I thought I did do something useful, offering some level of insight into why I think the shares are expensive. Butterfield has another view that I will not argue against -- makes a few good points. What have you done lately to contribute to the discussion, other than pound the bishop? What insights do you have to offer, other than "Rah rah rah"?
So the analyst's target, at $3.00, is still 20x '16 earnings, which seems rich. As far as using a multiple of revenue to get to $8, keep in mind that the revenue multiples used in the space, used because there are no earnings (yet), reflect someone's estimate of what the earnings power might be one day once the company reaches critical mass. The problem with using this multiple with INUV is that the company has been at it for years, with little to show for it but restructuring charges. You think now is the magic turn?
Don't know, JoelsLiver, you tell me how it feels to be an obese, uneducated, unemployed and mentally unstable parasite? (You're so educated, how come you cannot type a sentence using correct grammar?)
I did find the source of my error -- the source providing the information substituted the share value for the number of shares. I will have to speak with them about this.
Fair point and I stand corrected. For one reason or another, the source that I had used indicated 2,607,800 shares held at 12/31, a pickup of 37% from the 1,902,800 reported on 9/30/14. Don't know how that error occured, and I apologize for the misinformation. But I still think the shares are overpriced!
I see I got a thumbs down on this post. Is that because you don't believe it? You can look it up. Or you don't think it's relevant? Your single largest shareholder blows out 23% or his position and this is not relevant? Or is it because you simply don't like the news that someone with a bit more on the ball than you may have seen the light before you? There is still time -- take advantage. Or do you simply not like the news and its implications for your position? Well....
Tocqueville Asset Management, your esteemed company's single largest shareholder, clearly demonstrated its lack of support by peeling off 601,800 shares during the first quarter, reducing its stake by a fat 23%. Of course, it is possible that Tocqueville was essentially forced into doing this because of cash needed to meet withdrawal requests by its own investors that have become tired of TAM's sihtful performance....
You must have very strong wrists, stannguru. It comes from pulling your own wires...
That's the best you can do, eh stannguru? No references to the criminal Gambino crime family?
And where's JoelsLiver ? No references to my back door? Oh, wait! There he is, over on the INUV board...
Don't know what push's story is, JoelsLiver, but what you posted sounds autobiographical to me. Especially the part about being an unemployed and mentally unstable parasite. After all, what are you doing here at 10:30 on a Staten Island morning?
"SENSATIONAL earnings"? Eight cents expected this year and eleven next year and you want this thing above $1.50? The current valuation is, well, RICH!
Stupid idiot, eh? At Sept 30, 2014, Goldman Capital reported its stake at 3,035,700 shares. Three months later, the number was down by 0.9% to 3,007,476 shares, and at March 31 of this year it is down another 1.3% to 2,967,476 shares.
This is the company's largest shareholder, peeling off stocks. Either his support for the company is wavering or, more likely, his own investors are showing their dissatisfaction with his under-performance by withdrawing funds, forcing him to sell shares to meet the cash demand.
"...was the wonderful message of yesterday.from Local Corp"...that preceded a 3% decline in the pps...
This may have been the first time in history that a company announced it is putting itself up for sale, even adding that there have already been "expressions of interest", only to see the share price decline on the day of the announcement. What a pant-rippin' screamin' laugh!