RE:RE:Two things Watch the tape blackspade. Quiet accumulation is underway. Humans accumulate below the MA trendlines. Then the algos get in when this goes above the MAs which triggers the moves up. It has also escaped the downward trendlines from $3.10.
This appears to have technically bottomed. It trades at book value and WELL below all analyst targets.
Bidens infrastructure plan will increase IRD sales and earnings 20-30% per year outside of any new acquisitions. If the infrastructure bill pass it adds $1-$1.50 per share just on the IRD standalone business.
There will be a WiLan announcement in June. They need it to drive the stock price up and garner momentum for the ITS roll up strategy. As well as for WiLan to deliver sales and earnings growth vs last year. It will also lower the cost of debt financing.
The Board and management have also lined their pockets with options. There is no need to keep the lid on the stock at this point.
Up she goes. You heard it here first. It happens in June.