Stock price when the opinion was issued
He can see this possibly going over $5. Had losses for a number of years but are marginally profitable now. Revenues have been going up quite smartly. Management owns about 17%. They only have about 9 million shares and change outstanding. If they can manage to have a really good quarter or two, this could really spike. One negative is that they only have about $3.8 million in the bank and he would like to see more. Seems to be still fairly early in the turnaround.
He has done reasonably well on this, but it has taken a lot of time. They are in staffing with a lot of their contracts in the US government. Stock has flat lined. They were losing money for a number of years, but are now making a very little money. If they can finally report better numbers, and they have quite a backlog of orders, the stock can move up very, very quickly. He can see this going to $3-$4. He is going to Hold his stocks.
(A Top Pick Jan 17/12. Down 67.57%.) (Formerly TeamStaff). Staffing in healthcare. If their $153 million backlog gets them into the profit zone with good margins, the company could fly. Revenues of about $50 million, up 21% in 2012. Keep losing money but cut their losses by about $300,000 last quarter. Insiders own 29%. NASDAQ has given them until June to get the stock up over $1.