Yahoo reports only 12.45 million shares outstanding with 10.03 million that float. Currently there are 886,400 shares out short yielding a
short ratio of 16.60 well over my own arbitrary 3 day rule for significance. (A high short ratio can be a bullish indicator if good news should drive the stock price higher forcing a
short 'squeeze').
The company does not pay a dividend and has not split its stock.
Technically, in terms of the price chart, examining the 'point & figure' chart for MWIV from Stockcharts.com, we can see a picture of incredible strength as the stock price marches higher from lower left to upper right. There are few stocks with similar strength.
To summarize, MWI Veterinary Supply (MWIV) is a stock that I now own shares in, is involved in the distribution business to veterinarians, has been steadily growing its revenue and earnings for the past five years. In my opinion, it appears to be reasonably priced with a moderate p/e, a PEG under 1.5, and a chart that is quite amazing. It is a small company with lots of room to grow.
This is the kind of stock I like to own and like to write about here on my blog.
Thanks again for stopping by! If you have any comments or questions, please feel free to leave them right here on the blog or email me at bobsadviceforstocks@lycos.com.
Yours in investing,
Bob