Continuing to buy on dips.  This 15 is in addition to the 10 shares I bought this morning at $17.78.    We've now reached a new 52 week low (Prior to this it was 17.66).

Why do you continue to buy when the trend is obviously down? Why not wait until the stock forms a base?   It takes a lot of balls to buy when a stock continues to make new lows. For that reasont I applaud you for sticking with your gut/intuition

All the best!

Hi DreamBIG,

The trend is definitely down.  When I initially started accumulating shares, I paid too much,  but that's when their growth rate was still expected to be around 21% over the next 5 years and this years earnings were going to be around $1.02-$1.05.  

Their currect expect growth rate for the next 5 years is 18%.  Their estimated earnings for the year is .97 cents.   I think we're getting pretty close to the bottom.   Their PEG is currently just under 1 and their 1 year forward PE is 15.8.  

Also,  from the middle of December up until yesterday,  the stock has gone back and forth between 18 and 20 with a few dips into the mid to high 17s.   So I think it's trying to form a base.  The problem is that it did this same thing in the 26-28 range. 

I think most of the mad news for this company is baked into the price - for now anyway.