I believe someone with deep pockets recognizes the value here and is trying to establish a position. FLXS crushed expectations last quarter and with housing coming back, this company should do very well going forward. The float is so small, that the only way to get in is to pay up. JMHO
Stock was also up big yesterday on a down day. I still think it is someone with deep pockets trying to establish a position in this company. With low float, the only way in is to pay up. But the underlying value is still there despite the recent run-up. Look at what LZB trades at. No debt here either, very conservative.
GEF-B pays a dividend 50% higher than GEF, and has voting rights. The float of GEFB is small however. Company undergoing turn around. Collect over 5% while waiting for capital gains. JMHO
My sense is that the new Board committee means that the managers are on a short leash and need to show meaningful improvements or heads will roll. JMHO
This dump creates a great buying opportunity. Love the $10 per share of cash and no debt. You are really paying $31 per share for company at $41 share price. JMHO
Dog, Thanks for the many interesting ideas. Lots to investigate. So far like VIVO, OME, CALM, MKSI, TIS. Why do you think TIS is raising funds via new shares? Seems like debt is cheap these days.
GEF-B, well over 5% with upside potential, also MAT
Wards Auto has a auto industry assessment of challenges ahead for TSLA. Must read. Tried to post link but wouldn't allow. Worth seeking out. JMHO
Those of you that have been on this stock for along time must be value investors. Care to share other current ideas. I'll go first. recently purchased FLXS and MAT. All ideas welcome. JMHO