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MEAD is trading at an attractive level |
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with a low float of only around 750k. |
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Released on Friday, December 16, 2011, 1:00 PM ET
Pittsburgh, PA (SpeculatingStocks) - Meade Instruments Corp. (NASDAD:MEAD) manufactures and distributes telescopes, bionoculars, spotting scops, microscopes and other consumer optical products in North America and internationally.
MEAD is a play that could spark up this month. Volume has just started to pick up on this one, trading its most volume since June when MEAD spiked from around the $3.65 level to over $5.00 within four trading days.
MEAD is now trading of a stock price of just around $3.15 and a market cap of around only $4 million. This is the time of year when low floaters seem to get a good bit of attention. MEAD has a flow of only around 750k shares.
This company has around $2.61 million in cash and cash equipvalents on the balance sheet and no long-term debt.
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