Just from looking at the chart TLAN has many things going for it. For one after many months of distribution, the Accum/Dist is turning for the better, which is a fabulous sign for this stock. Today we closed above the 200 day moving average of $.0036, which is a very bullish sign for TLAN. Finally we are right on the brink of a golden cross as the 50DMA is ready to cross the 200DMA, this is a buy trigger for many traders, which is another good thing this chart is showing.
Now lets not forget the non-chart positives for this stock. For one they posted a profit in 2010, a great achievement for this company which has yet to be reflected in the share price. While achieving profitability in 2010 the company also reduced liabilities and increased assets, a testament to the management of the company. Judging from the 2010 results 2011 should be an even better year. With TLAN's attractive share structure there is really no telling where this stock can go once investors start catching onto this growth story.
Recent news also bolsters the bullish perspective. The company announced they plan to cancel 100 million shares of common stock and also do away with all preferred stock in a bold move by management that exhibits the respect they have for their shareholders.
Today's press release shows that Talent International continues to grow at an impressive clip. This remains a stock to be watched in 2011 and beyond.
Based upon their financials, share structure, and growth prospects, I feel TLAN is vastly undervalued at its current prices. While I have felt this way for many months I think the market is finally catching on to what I have been saying all along. If that's the case TLAN could be in for a very nice rally from here.
Posts
No comments:
Post a Comment