Tuesday, January 1, 2013

Spire (SPIR) Needs To Spire Upward in 02013

Spire (SPIR) needs to be strong stock for the GDT::Portfolio during 02013. The solar business is hard, but Spire appears to understand where the solar world is heading.

I did a check of SPIR insider transactions and saw the following.

Dec 18, 2012; LITTLE ROGER G; Officer; 500,000; Indirect; Acquisition (Non Open Market) at $0.69 - $0.78 per share. $368,000

I think the $368,000 approximates Roger Little's compensation.

There are approximately 8,560,000 SPIR shares. 500,000 is ~5.8% of 8.56 million.

SPIR was down ~5.7% during 02012 and it ended the year #25 (out of 31) on the GDT::Portfolio. SPIR needs to be a top ten portfolio stock in order for the GDT::Portfolio to be strong.

I have placed an order to buy some SPIR at $0.55. SPIR ended 02012 at $0.50. The stock is thin and the ask is $0.57.

No comments:

Post a Comment