When I last mentioned ATRI it closed at approximately $171 a share. Since then, in addition to paying regular quarterly dividends of $0.42/share, the company also paid a $3 special dividend, while the stock price last week rose to more than $200.
Until early May, ATRI shares made no progress whatsoever. However, a blow-out 11Q1 earnings report (up more than 40% YoY) on record revenue and commentary from management has led to a strong rally over the past 7 weeks with the stock hitting $200 in late June.
ATRI remains a relatively undiscovered gem. With a market cap now nearly $400 million, ATRI may start to hit a few more radar screens.
The chart indicates that there should be support in the 185 area, and it looks as if 2011 eps could come in at more than $12/share compared to my December post estimate of $11.50-$11.75.
The stock seems always to be a buy when it has a pullback.
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