Comment / correction about insider buying
For clarity sake, this was reported in late December and it wasn't insider buying, it was a reorganization of the family's equity holdings (they still own 75% of the companies stock, which I love as a shareholder because it assures our interests are aligned) into a new entity. The "insider buying" headline is inaccurate.
However, as I previously commented about, the fomation of a new voting entity is an interesting development. Especially the feature of the group that all of the key holders have agreed to vote as a unit. In the past, something of this nature could be viewed as a precursor to a transaction (ie potential sale). However, given the past stock levels and the fundamental undervaluation in addition to the potential for continued improvement in revenue and gross margin along with continnued debt reductions, I don't see a sale coming anywhere near the prices we are at. I know John Pollard, their business is a family legacy and they feel like employees are their family. Someone would have to make an outstanding offer in order for the family to sell.
I just continue to watch the short interest in the stock. Until it starts coming down, the continued share price appreciation has got to be causing the shorts MAJOR stress and the low trading volumes make solving their problem (buying back their short position) even more of a challenge. I continue to believe that there could still be a massive spike in this share price as shorts try to cover.