Yes - I saw that one - I use the otcbb website - it's pretty good.
$5 is my mental target for 12 to 18 months based on the pace things seem to move. However, I think we both know if the shares pick up a following or some really good news comes out that can all change very quickly.
The only way that someone can buy is if someone else sells to them.
The fact that someone bought that many shares at the current price is good because generally, and especially with a stock like this (with such a low daily volume), they are looking to hold the shares and won't sell anytime soon. So, it means that going forward there are less shares freely floating around for the flippers.
Again - patience is the key here. Just look at the two year chart - it is beautiful - but you have to be patient.
If the shares go lower, accumulate more. I think we are getting a new hard bottom at $2 - anything lower than $2.05 is a buy, lower than $2.00 is a strong buy...but it is looking like it won't go lower than $2.00 again.
What I'm reading says that the budget includes language that makes it easier to remove the tax, but that it would still need to be replaced with some other tax revenues to make up the loss.
So, it is not kaput at this time, but there is support to get it repealed.
Correct me if I'm wrong on this.
The bipartisan deal struck between negotiators in the U.S. House of Representatives and the U.S. Senate includes language that removes a hurdle for proponents of repealing the medical device tax.
"The practical effect is that Senate rules say if you repeal a tax you have to replace it with new tax revenues. This means they could look to other areas besides new taxes [to replace those revenues]," Scott explained. "There continues to be bipartisan support for repealing the tax."
With the budget being passed, and a loosening on federal spending, we should also begin to see a better flow of money from the government in 2014.
sophia - have a look at DVCR and NL - both will have rebounds in 2014 and pay you to be patient.
Good buy on JCS - key is not to buy too much at one time. It's much easier (psychologically) buying in low-$10s with the hefty dividend...but around $11.00 isn't bad at all.
Shares were headed sub-$26 again and then right when that press release came out the shares moved straight up.
However, if you look at the info by going to the Millennium link, everything on the CMS page is negative. Actually makes you want to sell after reading it and wonder what they are thinking.
1. Dilution to shareholders. Unless you purchase the rights offered to you, your ownership in the company will decrease. The press release indicates that the rights will be offered at a discount to the market price, however, some investors may not be interested in putting any additional funds into their investment.
2. Increased ownership to Swenson/Cabillot - they are going to take their portion of the rights in addition to all those which existing shareholders do not take.
3. Personally, I'm finding it difficult to agree with this action - especially coming on the heals of diverting available cash and having already made stock investments under the direction of Swenson. If there were a need for additional capital for corporate purposes, even just to have it available, then why direct any existing funds into stock investments? Further, the press release indicates that some of the funds raised may also be used for more investments under Swenson's direction.
Anyone else have thoughts on this?
As we approach end of the year, profit taking was expected as the shares have performed extremely well this year.
However, 2014 is going to be even stronger and provide for stronger upward movement in the shares as profits continue to increase along with asset quality.
On top of the continued strengthening, since the TARP obligations have been taken care of, it paves the way for dividends to be initiated. It's going to happen either in cash or additional shares - but it is coming in 2014.
Take the cheap shares being offered in the $7.20 range and by this time next year we're going to be looking at $10.50/share.
We would be great buddies in real life...we started dripping XOM in 1993 just after my wife and I were married - but decided to cash it all in earlier this year as I "semi-retired" and it had grown to be too significant a portion of our savings.
Will check out ACAS-ETE-MWE. For longer term holds out of our portfolio which we have been dripping for years: STI - began after the crash when it was in the teens, just started buying the preferred shares yielding over 7% now and will buy more as the marketed whacks the share price with rising interest rates - if I can get 7% or more essentially guaranteed we can live very well. PFE - very easy to sleep with it, new management has done great job. INTC - probably safest for tech exposure.
Have patience, don't shoot your wad all at once, or all on one company/security - always remember, however low it goes, it can always go lower.
$2.75 is still the near-term price target for ITI.
Feel free to post your other picks which are or soon may be on sale. buyandwin - what else are you into?