RE:RE:Revenue increased 17% to $16.5 million versus $14.1 millionDugan21 wrote: Sales and revenue up so the stock hits a new month low! Makes sense...
Sort of echoes my thoughts. Over the past few months, someone has been effectively pushing the stock price down, and I'm not sure whether it's institutional traders trying to accumulate a position by manipulating the price down in an effort to tire out the retail traders, or whether it's just that some investors don't understand the growth potential with this company.
Either way, if the stock price is pushed down, then I will accumulate more of a postion. Some posters will represent Neulion like it's some sort of penny stock, but unlike speculative stocks on the venture that are chockfull of debt with no source of revenue, Neulion is cashflow positive, has shown successive quarters of both revenue and earnings growth, and its balance sheet shows a cash position that is higher than its current liabilites, so its debt levels are quite manageable.
I guess the sellers of this stock are opting for more growthy names like BCE or industrial utilities.