New Frontier Media, Inc. (NASDAQ:NOOF)
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The Company deals in the production and distribution of adult themed and general motion picture entertainment.
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The Company deals in the production and distribution of adult themed and general motion picture entertainment.
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Everybody looks at this stock and thinks about the great dividend rate which is great. What people sometimes bypass is that it is going for a great price right now and the industry it is in (adult) is not going anywhere for awhile. This is a safe bet to make some money.
Also, 16 of the last 19 insider transactions have been BUYS! This is VERY positive and they have accumulating cash. This is another very big positive during a down economy.
You are right about NOOF insider buying and I would be holding if I owned it, but there is an issue, and I think this is by no means a safe bet, they are price takers, and in the conference calls, mentioned that they were getting their prices squeezed by one of the cable operators through whom they operate, (i think it was Time Warner) but that could be a trend that could put them out of business.