MY OBSERVATIONSStock up approx 12% for the week and new high
Friday noticed 2 large trades..... Acumen----Acumen about 15,000 shares, BMO buying up 10,000 shares. Accounting for nearly 40% of the trades for the day. Anonymous very active on buy and sell side------ possible accumulatng the stock.
Second quarter earnings will be around August 2 . Last year earnings .55 cents on 137 million rev
This year ? I expect a heck of a lot more than that . This should move the stock above the $50 range.
With all the orders getting filled up to te end of this year............ expect a $60 stock by first quarter 2024
In the meantime, will someone offer a sweetheart deal to Mr. Hammond ? If not, then I will keep on clipping my coupon every three months. Eventually we will get to $80 +