« Broadband Power Line | Main | On Vacation »
July 14, 2005
Imgram and Price/Sales
John Dorfman of Bloomberg, thinks that Ingram Micro and Sonoco look cheap based on price/sales. Not only is IM cheap on price/sales, but the stock is bouncing off support with good volume. The first gap at the end of April failed, but the stock held support in mid June. The late June bounce off support occurred on good volume and this stock looks headed higher. Support from the April-June lows now holds the key.
Posted by Arthur B. Hill at July 14, 2005 10:46 AM