RE: RE: AdvertisingDitto on profit. Wonderful cash flow move but it is mostly just expanding payables. Anybody know why SGA was $1M higher than what I had predicted? As I recall, it may be related to credit cards fees or something, moving some expense from COGS to SGA?
Onto another topic. Did anyone put any thought into TUSHAR SHAH joining the board of Coastal? What about his company Kinderhook or Contango Capital? I like the fact he is an investment guy on the board vs. an operations guy. I believe Kinderhook is registered as a 10%+ beneficial holder of Coastal (4,830,400 shares as of July 2010).
Next topic : Unless you have been sleeping, you have noticed the volume on COA the past few days. Stuart Belkin - Director at Coastal disclosed that he upped his previous share holdings from 100,000 to 388,325. That was on Oct. 20th, 2 days ago.
Another 376,000 shares have traded today. Now over $1.50 which we haven't seen since this past April/May 2010. Feels like it hasn't hit $1.50 since May 2009! My how myopic I can get. Pun intended.
Prices
| Date | Open | High | Low | Close | Volume | Adj Close* |
| Oct 21, 2010 | 1.39 | 1.42 | 1.39 | 1.42 | 142,800 | 1.42 |
| Oct 20, 2010 | 1.38 | 1.41 | 1.35 | 1.39 | 36,500 | 1.39 |
| Oct 19, 2010 | 1.36 | 1.41 | 1.32 | 1.36 | 544,700 | 1.36 |
| Oct 18, 2010 | 1.38 | 1.38 | 1.36 | 1.36 | 41,100 | 1.36 |
| Oct 15, 2010 | 1.34 | 1.41 | 1.34 | 1.41 | 85,100 | 1.41 |
| Oct 14, 2010 | 1.34 | 1.36 | 1.34 | 1.34 | 41,500 | 1.34 |
| Oct 13, 2010 | 1.34 | 1.34 | 1.33 | 1.33 | 58,700 | 1.33 |
Perhaps Coastal is starting to get interesting? It has been hibernating for quite some time. :-)