posted
i also like MIG bucks, have had a position for awhile now.
not surprisingly really, since except for your sadly misguided allegiance to the scarlet and gray, we often agree on things!
i thought their last Q was quite good, surprised this thing can't even sniff book value. RTWI is a similar company am also invested in, with similarly stagnant stock price so far. i can be patient though, am going to continue to hold both.
Posts: 1698 | Registered: Mar 2004
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If they keep beating earning estimates and continue to grow it WILL eventually get noticed. This is a stock with very low risk IMO.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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another good Q for MIG, and more expansion indications: finally moved up to 6-range, new 52-week high close yesterday. still holding this one and the other insurance one RTWI; RTWI has also moved up to 12-range.
both are boring maybe and won't rocket up, but - i like them both: slow and steady is fine with me.
Posts: 1698 | Registered: Mar 2004
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I just worry about how low the volume is for trading. I try to stay away from anything with less than 400,000 in daily volume.
Posts: 10 | From: Texas | Registered: Mar 2006
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surprised to see this one back in the 6.80's, after trading well into the 7's recently. just added a little more.
Posts: 1698 | Registered: Mar 2004
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Blue, what's your EOY prediction for this? I'm looking to balance my pinkies with some good 20% - 50% returns over the year in more stable stocks.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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sitting in the 7.30's, my hope is that MIG would move to 7.70+ range tomorrow, and hopefully continue on into the 8's later this year if they continue to turn in good results.
honestly though, i doubt you'd get 20-50% returns from MIG in a year. it's mainly pretty slow and steady. has definitely been a very nice anchor to complement some of my other riskier picks - glad i added last week.
Posts: 1698 | Registered: Mar 2004
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disappointing day for MIG: only up in the 7.40's on what i thought was a good Q, i honestly thought it'd move up more.
Posts: 1698 | Registered: Mar 2004
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strange delayed reaction: finally moved up to the 7.75 range i was hoping for, after actually being down for parts of yesterday. just sold the swing position i bought last week at 6.85 because was somewhat overweighted in MIG, but - still holding my long position, looks solid to me.
Posts: 1698 | Registered: Mar 2004
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actually touched 8.50 today, new 52-week high. still holding long position, wish would have held swing position longer, d'oh!
Posts: 1698 | Registered: Mar 2004
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still holding long position, but - starting to look close to fairly valued here. MIG has been a favorite of mine for quite awhile, but - honestly, am surprised it ran up this far this fast.
Posts: 1698 | Registered: Mar 2004
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held this one for 18 months or so, but - as disclosure - finally sold it at 11 today. still a great company IMHO, but - just struck me that it was fairly valued.
if history is any indicator, MIG should now promptly march to 30.
Posts: 1698 | Registered: Mar 2004
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