Buy Datalink--Again @ $3.05
This will be our 5th trip on DTLK. Average gain the last 4 times was 35%.
Their Q2 sales (June 30) decreased by 16% to $43.7 million, but they maintained profitability albeit only $.02 per share. Cash on hand was $2.10 per share and our valuation was $9.18 (up from $8.55.
As with the last 4 trips, there appears to be limited downside on this with the $2 cash cushion, and, at least a 30% upside with any kind of positive news/results.
Their Q2 sales (June 30) decreased by 16% to $43.7 million, but they maintained profitability albeit only $.02 per share. Cash on hand was $2.10 per share and our valuation was $9.18 (up from $8.55.
As with the last 4 trips, there appears to be limited downside on this with the $2 cash cushion, and, at least a 30% upside with any kind of positive news/results.
posted by Cheap Stock Investor | 11:44 AM
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