RE: RE: RE: RE: RE: Chineese water tortureYes I offer ther PBN crowd the occasional dose of reality... prior to their take over of Result I predicted they would slip to 23 bucks based on the learning curve corporate was about to tackle... after their 2nd qtr I revised to a 20 dollar target... So at the current price I believe that, (provided they don't reduce their dividend) the current price, represents good value and opportunity... IF you got money to spare averaging down could mean a modest gain by the end of the 2nd qtr 2011. (by modest I think the shares could be somewhere around 25 bucks... )
anyway my DD is just under way BUT given what I've already seen I definitely think this management group has the wherewithall to double the current price by end of 1st qtr 2011...
a note about my "style" I am not a trader... I believe in distant thresholds... so when I dig into a company I expect short term share "instability" and long term growth possibility... had a company called Ryland on my scope when they were at 6 cents... eventually picked up by CPG at 42 cents just over a year later... picked up on SWY at 8 cents... currently on a run at 74 cents... with a two year expectation close to 3 dollars... picked NOG at 8.5 cents... just unloaded at 12 cents (missed the 14.5 cent high by a few hours... but My Daddy alway said... never second guess your hunch... )in hindsight I would have liked to have averaged down that NOG position but ya takes what ya gets and you don't look back...
anyway... good luck to ya...