RE:RE:RE:RE:That's it I'm outAll good points carlocarli. Not to belabour one point too much...but the area that I find most interesting is the big increase before the big drop. I seem to recall that a number of analysts were forecasting substantial improvements long before the price took off. In other words, few people believed in the turnaround when it was being forecast by analysts, and yet it was trading well below tangible book value at that time.
So I'm just wondering if that same skittishness could explain the current SP decline. I haven't followed CAS too much, so I'm wondering if mgt has made a lot of empty promises in the past or have they, or analysts, missed badly on earnings projections?
If in fact there is some insider activity going on, we should know within what -- 2 days? The last listed inside trade on my broker site was a buy on Jan 15. In fact there have been no sells in last month. I guess the next 2 questions are whether there are secondary parties with privileged info and/or what is the blackout period? Guess we'll have to do some digging.
good luck