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Momentum21 (96.14)

MWA: Time to reload

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August 10, 2010 – Comments (1) | RELATED TICKERS: MWA

I bought at 4.79 almost 1 year ago. Sold 1/2 at 5.00 to make room for another purchase. It has been ugly ever since...

Added that position back at 2.84 today.

Perhaps premature but I am willing to be patient with these guys. The recovery will be slow but we will recover.  

1 Comments – Post Your Own

#1) On August 10, 2010 at 6:54 PM, Momentum21 (96.14) wrote:

One would think the downgrades would start coming before this particular earnings report. Overall the numbers are significantly improved from when this traded at $5.00. 

Guidance was very cautious and small caps will take hits harder during nervous times like these. I am just trying to see what I might be missing here.

Profit AND Sales revenue up....debt reduced. Visibility from distributors seems to be the question.

more here 

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