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.
Posted by osubucks30 on :
If they keep beating earning estimates and continue to grow it WILL eventually get noticed. This is a stock with very low risk IMO.
Posted by blue_in_MI on :
nice to see a bit of an uptrend for MIG lately, eh bucks? same for RTWI.
Posted by osubucks30 on :
Its definetly a low risk stock with book value above current price!
Posted by blue_in_MI on :
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.
Posted by blue_in_MI on :
earned .17 on the Q and .60 on the year, trading barely over book, and guiding for .64-.68 for next year.
too boring and slow-moving for most people on this board, but - i like MIG, and continue to hold
Posted by SupJ on :
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.
Posted by osubucks30 on :
Great LONG BORING BUY. Buy and hold on this one
Posted by blue_in_MI on :
surprised to see this one back in the 6.80's, after trading well into the 7's recently. just added a little more.
Posted by blue_in_MI on :
Q just out after the bell: very nice: MIG earned .19/share, higher than expected.
boring? maybe. very impressive results, and will move up tomorrow? you bet.
boring works for me.
Posted by Repoman75 on :
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.
Posted by blue_in_MI on :
repo,
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.
Posted by blue_in_MI on :
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.
Posted by Repoman75 on :
Buy on rumor, sell on news.
Posted by blue_in_MI on :
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.
Posted by blue_in_MI on :
figures - hit 8 an hour after i sold my swingtrade portion at 7.75, d'oh!
Posted by blue_in_MI on :
actually touched 8.50 today, new 52-week high. still holding long position, wish would have held swing position longer, d'oh!
Posted by blue_in_MI on :
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.
Posted by blue_in_MI on :
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.
Posted by osubucks30 on :