Jul. 10 at 3:43 PM
$APT ~1 month from next ER announcement. The Company SHOULD be buying back heavily in July, pre-announcement. The have the means (with expanded repurchase plan and
$13-
$16M of cash), motive (SP is still ~
$1 under tangible book value), and opportunity (can buy back up to within a week or two of ER announcement).
Also, we have crossed the 200 Weekly MA (will have a second week confirmation if above
$4.83 on Monday). Short-term statistical movement indicates we should test the 50 weekly MA at
$5.23.