Will be looking to buy in December when tax loss selling kicks in along with year end Window dressing by funds.
Don't forget the dividend coming as well. Not a huge deal, but it's cash.
I mean look at what happened to DRAD when they announced a similarly good quarter. Granted, they are initiating a quarterly dividend, but I think that the financials look much better/stronger here.
Just need to have more investors take notice.
Once the numbers trickle to the sites that distribute the financials I think we should see more of that interest pick up.
Looks like Y! isn't very good if you include a less than sign and it is using it as HTML.
The rest of my post that was chopped off was:
When people run their stock screeners using whatever filters they like and include "and PE is less than 10" GSB will be included in the results.
I completely understand your detailed and fine-toothed comb analysis. All I'm saying is that when EPS and PE numbers are provided on Y!, MSN, Zacks, and other financial sites/outlets there is no asterisk next to the number indicating that it's loaded. There were earnings for the quarter which were significantly better than prior year, there were earnings for the past four quarters, and there is PE - no footnotes go along with them.
When people run their stock screeners using whatever filters they like and include "and PE
Still - sustained profitability even from a base of 5 cents/share per quarter for a software company deserves higher than a PE of 10.
Regardless of the minute details of how the company arrived at the profit this quarter, when we look at the Y! summary screen and details, until next earnings report we're going to see trailing twelve months EPS of 26 cents. That will make people take notice. I think that's also part of the issue why the shares are so thinly traded - nobody is interested. Now they should be.
Guess I was a little ambitious with those numbers missing the Tappin benefit.
Still a great quarter and shares should go higher with the profit and special dividend.
Shares down because of the market, the runup in shares over past couple weeks, and unknown about earnings.
However, this was a blowout earnings announcement. Everything was very strong.
Trailing twelve months EPS is now 26 cents/share - shares should immediately go $1 higher.
Going forward, this 12 cents/quarter should be sustainable with the greatly reduced expense footprint. Let's be conservative and say they can do 40 cents/year EPS - shares should be something in $4 to $6 range.
Bottom line - shares are wildly undervalued right now.
Small-timers playing games inside the real bid/ask - it's what happens when you trade below $1.00
Real bid = 10,000 @ .89
Real ask = 59,571 @ .90
Clearly one of the flock is on the ask.
Tax loss selling has begun early this year - especially for small caps.
Our pumper/sheep friends here have created more of a situation in that they will add further downward pressure.
I'll look to repurchase in about 4 or 5 weeks when the shares will likely be lower than today.
Thank you cashflow599/soso3775/dtap24 - much appreciated.
And wasn't BMO the turds who downgraded that took the shares down in the first place?
Downgrade "we think the new pad is buggy"