6.87M shares outstanding
Ledoux presently beneficially owns 905K shares or 13.18%
Borg beneficially owns 739K shares or 10.75%
Weldon beneficially owns 105K or 1.52%
Lane owns 29.3K or .43%
Dunn owns 28.3K or .41%
Wolf owns 137.3K or 1.95%
Davis owns 65.3K or .95%
Fortin owns 46.2K or .67%
Institutions own 1.54M shares or 22.42%
Total owned beneficially by insiders, affiliates and institutions 3.595M or 52.3%
So, of 6.87M shares outstanding 2.06M are in the hands of insiders and affiliates and 1.54M are with institutions. Institutional ownership has increased over recent months per nasdaq.
Now, NAII has climbed from the 5s to where we stand in the 12s in a period of months, not years.....and now Ledoux files a 144 for 56.4K of his 905K beneficially owned shares.
Where Ledoux actually chooses to sell some, who knows? But we are gaining institutional interest and if it weren't for Borg to this point, how could anyone touch this for the current price? This company is growing the bottom line at a triple digit clip and revenues are running at an annualized level recently of well over 100M with a P/E of 10 (flat-lining the latest .31 quarter).
Stocks are priced based on value metrics....and NAII has the best figures (pun intended) out there.
Yet the stock price lingering in the 12s for a spell is seen as bad. We are up over 100% in a matter of months. I had already been researching specifics of ownership and when I saw this posted filing here (thanks BMA), I decided to share the info.
I have a different opinion near term too. I think this is a very quick correction and that gold will not stay down long enough to matter. Had SSRI done a cash offer for CLGRF, in retrospect, that would have been disastrous for CLGRF holders. I mean, offering 1.20 per share now would be insulting. That's how bullish things are....it has turned around and headed north aggressively. Stocks got way oversold for the last year of gold/silver's pullback while folks kept betting on a lower and lower bottom for gold and silver prices. That's how bottoms are, though, once they occur, it's in the rear-view mirror before you can bat an eye good.
It's stock for stock on the SSRI deal....but this SSRI - CLGRF deal is pretty much accretive any way you look at it. I think the hedge funds buying are not too early at all either. Gold was due a pullback, but it's not lasting. SSRI remains way above its 50 day MA and the HUI (gold bug index) bounced off its 50 day MA well today.
So, it's opinion and perspective....that's all you and I have....but I don't think this is a decline in gold, but a momentary corrective dip. I believe the average price of the metals for the current quarter will be higher than it was for the last quarter once all is said and done.
So, I'm staying put short term and long term.....and actually added some SSRI as the HUI was touching its 50day MA....and am up nicely today from that addition already. If I'm wrong short term, I'm staying regardless....but again think this is a dip, not a decline.
The selling this particular day could be Borg, though. One thing interesting....the volume picked up some but the price held up better too. It was struggling to exceed the 12.30 level several days ago on much lighter volume, but today there was someone(s) filling in the gap on buying shares anytime the price tried to head to 12.30 again. In fact, the last few days, it appears that buyer(s) are stepping in when the price dips pretty good.
Overall, though, the selling is both baffling and absurd, IMO. Dumping an underperforming company is understandable, but dumping NAII shares is purely absurd. I guess institutions can be absurd. However, last I looked, institutional interest was up. I looked at nasdaq.....where are you looking, Tab?
I don't own 40 but do own half that many right now and it's not atypical. BTW, are you trying to buy PCTI right now because there has been no buying above 4.55 lately....well, just no buying.
....so far, gold bug index dipped just below 50 day MA today but has already rebounded and trading above it. There are too many catalysts for gold and silver; Whether SSRI presents better opportunity in the very short term, I don't know.......but, IMO, over the coming year, it's going a lot higher.
I disagree with both of you. SSRI is in a bull market. Corrections can occur rapid-fire and I think this one will be short-lived. Price targets are going up rapidly across the sector....and rightfully so, IMO. Have you noted that just a couple of months ago the target on SSRI was about $6?....now it's $9.50! CDE, NEM, and on and on with the stock symbols in the arena....targets moving up and up. Why?? Because the analysts are behind the 8-ball and playing catch up while the investment community has recognized that the bottom is already in.
The Fed is losing its edge and the market is high-priced. Investors across the world are looking for a safe-haven in larger measures. The Fed managing interest rates and its impact on the strength of the dollar, along with suppression measures by the megabanks indeed has kept gold and silver down lower and longer than was realistic, but we are witnessing those effects weakening, IMO. Also, SSRI and others have gotten real lean during the low gold/silver price period as evidenced by SSRI (CLGRF has done the same) being expected to generate a loss of .02 a share this past quarter but turning in a profit of .11 a quarter. Now will commodity prices rising, this lean cost structure will leverage the profits higher quickly.
Finally, the gold bug index hit a low of 99 this January, having peaked well above 600 in 2011. Since January of this year, we moved from 99 to 236....WOW. Guess what it did today?....the index touched and closed right above its 50 day MA. Maybe the index does try to break through the 50 day for a few but I'm not sure. I think this recent news from the Fed talking about raising rates again is not going to have a continuing impact.....just momentary as an excuse for a very brief correction. I think gold/silver will fire back and be higher faster than you can spit and SSRI will be above 10 again just as quickly. I'd hate to miss a chance like 7 but don't believe it will come.
.....just the guidance from management about improving revenues and profitability for the rest of this year and the next. The company has consistently reflected strong accrual earnings quality when one looks at the strong cash flow generated from operations relative to the accrual earnings. This is not the case for a lot of companies that are probably "managing earnings." The company is aggressively buying back shares from its cash war chest. That reflects a belief that the company stock is a solid investment in light of what management sees up ahead for the company, IMO....it solidifies the guidance remarks.
Hey Chainma, congrats on PTCT. That's pretty good there when you can run across another stock like that and make a solid return! Good going!! I've been accumulating PCTI for a spell now and owned it when it was mentioned on this board, but someone mentioned here before I said anything on it. So, I appreciate it but credit for PCTI's mention goes to another. I am very optimistic on all of the ones in my post today but you know how it goes with stocks; they can throw you a curve ball oftentimes....but any of them could hit it out of the park, IMO....so, we'll see. All the best to you, friend.
Someone is snapping up remaining 12s it seems....even though low volume, there has been some decent ask sizes taken out quickly.....maybe we see the 13s today before it's over. It's way overdue.
I know and agree. NAII is showing some signs, even as I write, that low-hanging fruit is being snatched up pretty fast. We could be wearing out the 12s. I really believe that once the 12s are surpassed, the 15s will come quickly. IMO.
I share the concern over election impact, Micro, and I concur on STLY later in the year. I've got a good position there too. Also, PCTI may fit well with a bit later this year. IMO
Really!! I would be surprised if it was in the 14s (meaning, I would expect it to be higher...even considerably)...but the 12s? Come on, you've got to be kidding.
The stock hit 14.50 before the good news got much better per the last report. It's like getting lulled to sleep; but this giant will awaken in a big way, IMO. I still expect it to happen pretty suddenly when it does. There has been some institutional buying lately based on my research at a couple of sites.
Again, how is this in the 12s???
Each of the above stocks are down at this moment on the day and good entry points, IMO. NAII, VTSI, and SSRI are all up nicely over the past year but each has also outperformed strongly revenue and earnings growth wise.....I mentioned SSRI a while back on a couple of boards when it was in the 5s. I've been holding it since then but believe that gold and silver may well outperform other asset classes this year, IMO.
There are 5 stocks that might blow away the curve during the coming year, IMO:
I think KTCC is going to produce a sizable return....I'm in the camp that NAII will be bigger. Both are screaming buys right now, IMO.
I really think NAII is going to explode upward any day.....I really do....I'm thinking a big gap up. The fundamentals absolutely suggest it; the technicals point to it too. This company has value, an amazing balance sheet, rampant growth, and a low float standing. I think it's going to take off......should never have remained in 12s this long.....Borg or no Borg, IMO. The situation implies rocket fuel for a blistering move, IMO, again.
P.S. I mean, who could blame them for selling a few here or there, but they held through the quarter following the February report and have not reflected any selling thus far after the latest May report.
so much focus on Borg.....but isn't it noteworthy that corporate management is holding its shares after all the years it languished in the 5s area? That says a lot to me about what they see ahead, IMO.
Thanks. It really is getting interesting here. I've got a hunch that VTSI's stock price is fixing to take it to a new level over the next few weeks. I'm paused to say .30 but I've got this feeling that if it cracks through .18 cleanly this week, it's going to jump pretty quickly. It's due, IMO.
to get an uptrend started, IMO. Astute investors are not selling for this price, IMO, but have been buying. Valuation metrics and outlook all point to a very strong company at this time. I just don't believe it would take any significant buying to propel NAII. Yesterday may have the been the last fire sale day. I'm going with a minimum P/E of 15 on conservative forward 12 months earnings of 1.24 for a lowball target of 18.60 over the next 3 months time. I mean growth here has been way, way above 15%, so assigning a minimum P/E of 15 seems more than warranted. When this thing is crowding the 18s to 20s before too long, these 12s will look pretty sweet in the rear view mirror.