GREY:CDLRF - Post by User
Post by
Yemenon Dec 21, 2010 4:34pm
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Post# 17878570
Today's last trade 77to77
Today's last trade 77to77Interesting. I believe that CDI employs Peters and Haywood to facilitate those wishing to take a position in the stock without bidding the stock up too high--like to $10.00. they are trying to make a market that is not too far out of whack with where the stock actually is. This does not appear to be a cross due to the price differential from the prior trade.
No one wants to sell an appreciable amount at these low levels b/c they feel that they know where the stock will go in another year or two. Management is AAA. Experience is AAA. Track record is AAA. The Co is currently in a very good position with the rig count growth on track or ahead of itself. No debt. Contracts up the bazoo for the new rigs coming on in Jan.Feb. time frame and new rigs on the drawing boards.
Give this stock a year perhaps two.
Comments? A Discouraging word?? As they say in Home, Home on the Range.