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Smart Balance (SMBL +4.6%) runs up a gain after the company sees another round of insider...

Smart Balance (SMBL +4.6%) runs up a gain after the company sees another round of insider buying. Shares now sit at a 52-week high with investors warming up to its prospects in the market for gluten-free products.
Comments (2)
  • william12
    , contributor
    Comments (30) | Send Message
     
    lol a director getting 1k shares. insider buying. lol
    13 Jun 2012, 01:44 PM Reply Like
  • gordlane
    , contributor
    Comments (3) | Send Message
     
    William:

     

    You should do some further checking before writing and LOL. Every director has been buying this stock in the past two weeks, none of them for less than 10,000 shares. In addition the current run up in this stock has been fueled primarily by mutual fund buying. There are now 212 mutual funds with ownership in this stock. This time last year there were 6. Some of the top small cap growth fund managers in the country were buying this stock during the past two weeks.

     

    This companies' products are now on virtually every supermarket shelves in this country. A year ago, you had to really hunt for them.

     

    The company has a great concept; no manufacturing of products on their own, it is all contracted out. As a result, they have few employee labor costs. No pensions and no employee benefits costs. The only employees are Management and those involved in developing new products, marketing them and developing strategies for financing.

     

    In an incredibly short period of six months, through the two acquisitions, they are now the world's leading producer of gluten free foods which is going to give their earnings a huge boost within the immediate upcoming quarterly reports. An absolutely brilliant move from a very smart and stockholder supporter management team.

     

    They are putting an incredible growth story together here and in mid 2013 could announce the beginning of an international expansion begining in England and Germany.

     

    During the past year they have bought back over 5 million shares and now have only less than 60 million shares outstanding. Plenty of room for future stock dividends and if the growth in the stock price continues stock splits as well.

     

    So William, I hope you did not comment because you are short the stock. You should follow the smart money here and surely you should stop LOL.

     

    Gord
    7 Jul 2012, 12:07 AM Reply Like
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