This stock is very interesting right here.
- The Div yield is up over 7% which is nuts.
- I am seeing about $3.5 per share in cash.
- Management's actions have been frustrating so far but I think instead of ruining the company they may have just created an unbelievable opportunity to go long somewhere here below $7....you have a stock nosediving into a tidal wave of catalyts...their explanations hold water, they transitioned out of weaker claims ahead of the tightening in regulations, I buy that.....they are holding out for top dollar under their current strategy, so that ties with what I would expect -- if you believe in your claims that are now stronger, then get paid.....they have had some dates get pushed back on multiple occassions but they've said all along this is a risk to be aware of...they still claim that once the trials start to stick we will "fly by" quarterly revenue compared to the old biz model....Call me crazy but I am drinking the Kool aid, especially if that Kool Aid only costs $6.7 per share and I get 7.3% div yield while I'm waiting.....
one thing giving me pause is a lack of insider buying down here....but any day you could wake up and see that happen and the stock is up 10%...glta