I've been watching these shares since they were around 50 cents. I'm lousy at picking turning points so I live and occasionally die by averages. This is the same company that it was 3 days ago. On that basis I intend to buy my way quietly down this slide. In the past this has proved very profitable. My last purchase was at $4.55 and if memory serves I got paid a dividend as well. As to fair value, I did some numbers at the start of the year and thought above $5.50 and below $6 by year's end would make me happy. Happiness is a funny thing though, I'd rather these remained as cheap as possible while I build a larger position. So I'd also be happy if nobody else saw the value in this company for as long as I'm buying.
MTU Price at posting:
$5.15 Sentiment: LT Buy Disclosure: Held