The ROAR of the GENCOR! $23.655 is GENC's true value
Shares of GENCOR fell and fell and plummeted and crashed and died....end of the world for the GENCOR!!!! from $32 to $15.40 a share. Crrrrraaaassssshhhhh Sell! Sell! Sell!
Of course.... Being the *FOOL* that I am.... I didn't sell.
Now it would have been smart for me to sell prior to the earnings report and then buy back in on the Dip.
Did I????? Nooooooooooo.... I had to be on a stupid..... exhausting....month long business trip and I did not even know Gencor was having an Earnings Report on the last day of the week!
But, I am growing a little more experienced and smarter in the stock market.
The 1 thing that defeats any sell off of a stock.... The one thing that one needs to realize before taking your losses and going home to your mommie is the NEWS! I read and knew GENCOR through hours of strenous research on the company.
I researched Gencor so much that I am so confident in my faith in this company that I will stay invested in this even if it dropped all the way to August....All the way to .000001 a share.
The truth is I value this stock far more in the NEXT earnings report. The one in which WINTER and other craziness of the 1st quarter is less of a factor or not a factor at all.
Granted, oil prices are going up and GENCOR's Expenses are going up. But it has over $60 million in cash to place into investments. Everyone thinks GENCOR's skyrocketing share price was solely based on LLOYD MILLER the activist investor. I think at best LLOYD accounted for 50% and no better. The other 50% was GENCOR's 2007 investments into synthetic oil manufacturing plants. Those plants are discontinued.... the 2007 investment tax whatever has come to an end.
So the stock drops....drops a lot...frighteningly so...
But.... It bottomed today! And the bottom was at 50%. The value of the stock has increased 50% since Jan. 1st at the value it is today.
Given GENCOR's $60 million to invest into something else that could bring big revenue for GENCOR..... I have plenty of reason to expect GENC to arrive at another 50% gain in its share price or $23.655 a share.
Therefore, should GENC start heading towards $23.655 a share... Buy in before it does and enjoy the ride.