iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,784 Blog Posts

Position Updates: VMI

With the stock rallying hard today, my suspicion that a hedge fund was selling out, most likely due to redemptions, is almost validated.

Looking at their only publicly traded competitor, LNN, one could make the argument that VMI is 25 points cheap.

Aside from their burgeoning irrigation equipment business, VMI has a galvanizing division, which attracts short sellers– who are betting against metal stocks.

My best guess, VMI has bottomed and should continue to recoup the 20 points it lost, since they reported blow out numbers a few weeks ago.

Long term, “The Fly” thinks VMI will moonshot north of $150, providing the market keeps its marbles.

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16 comments

  1. Low Tick

    Would you agree that DSL is going to 0?

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  2. Dinosaur Trader

    I’m still long LNN from when you first called it. That was a good one! I like VMI too, but don’t want to go crazy with the irrigation companies…

    However, I dumped MVIS on yesterday’s rally.

    -DT

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  3. The Fly

    DT:

    I just checked out your blog, via that little television icon near your name.

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  4. Mr. LIMM

    Ret me guess…

    Clickets?

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  5. Dinosaur Trader

    Fly,

    My blog is on “hiatus.” Meanwhile, if you’re not careful, I will remove you from my blogroll, thus depriving you of 3 or 4 “hits” a week.

    -DT

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  6. Danny

    ^is that chinese for “rickets?”

    I like VMI, so fly, thanks for introducing us. Def more upside than Lindsey.

    Those TV links are rad.

    I propose you guys click the links, a lot, to see what is being linked.

    I know you’re curious, so click every link you see at least twice.

    Getting my share of the billionz…

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  7. Mr. LIMM

    No, is Amelican fo’ “clickets”

    You know, ritter brack bug? Chee-chee, chee-chee?

    Symbo’ fo’ quietness?

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  8. The Misfit

    Where ‘n hail iz zat Flah’s paits?

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  9. Dinosaur Trader

    Oh, hey… what’s on my little TV screen now, bitch? Oh, see that? I’m going to unionize the Peanut Gallery!

    I hate the fucking muppets.

    -DT

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  10. SaNTa

    Bush Administration clying fowl again.

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  11. SaNTa

    Fuck your Union. My elves will do the job for free!

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  12. Dinosaur Trader

    SaNTa,

    We want health benefits and 5 weeks vacation.

    “Power to the Peanuts.”

    -DT

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  13. SaNTa

    No.

    I conquered the Martians, I can conquer you.

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  14. Dinosaur Trader

    SaNTa,

    You’re not real. How’s the “tooth fairy?”

    -DT

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  15. cigars3

    how exactly do you define “long-term” WRT VMI? 18 months about right?

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  16. The Misfit Eastah Bunny
    The Misfit Eastah Bunny

    Ho Ho Ho, mah ho’s.

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