first of all must tos what I will say is based technicals. I just saw this stock break through a some levels i.e an upward trending 10 day ma and a nine day ema ...that it faced at around the 59.00 level ..it cleared that on a 7 % gain on Friday no particularly stimulating news, it has a 5 for 4 split that goes on record on nov 30 so that could be the driver, they also said that they will increase the divident by .03. an upped there guidance for 08 on revenue to 80 -85 million ..the street is looking for 75. ..Now for the trouble EVERY director were selling shares on the last dip from 68. to around 57, 58 ...the CFo has sold roughly 40000 shares. so it leads me to think that after the split then we might see a certain sell off. But on the other hand the company's fundementals are very strong with 45% growth in sales. an interesting liquidating 3.0 number, p/e 22.51 that will drop after the split to some where around 16 and an industry front 22 % ROe. so the company is good according to this but we need to get through the split.
$64.38 (11/26/07)
