On January 25, 2011, ARC stock closed at $8.07.
On April 21, 2011, ARC stock closed at $8.61.
On May 24, 2011, ARC stock closed at $8.48.
On January 28, 2011, I did a post on my blog to share with my blog visitors what Mr. Jim VanMeerten said about ARC in an article he posted on January 26, 2011 on Motley Fool. “Jim Van Meerten is a professional investor with over 40 years experience in investing in stocks, mutual funds and ETFs.”
I’m a history buff of sorts, and, because of that, I have a tendency to look back at what people said, just to see how things have “panned out.”
So far, Mr. VanMeerten’s “calls” have been right on, at least for him (his account.) If he purchased ARC stock when he first wrote about it and then sold it right after he wrote about it the second time, then he earned around $.54 per share (or thereabouts.)
The one thing I did find funny is that, when he first wrote about ARC, he said that “document management services should prosper”, further indicating that “as the economy recovers, document management services will enter a new era of transmittal and retrieval” (whatever that means), and “a company servicing the infrastructure and construction industries should prosper.”
After he indicated a “sell signal” on ARC on April 23rd, I found myself wondering, “hey, Jim, what happened to your thinking about document management services prospering; are you not letting a few minor technical signals cloud your thinking?”
Anyway, Jim’s calls, so far, proved to be good ones for investors who bought and sold ARC when he wrote about ARC. But, on the other side, RW Baird issued an “outperform” rating on ARC stock and, from the date of that outperform rating until now (now, being May 25th), RW Baird’s call (on March 25th, 2011, when ARC shares closed at $9.98) has not proven to be a good call, at least so far. ARC’s shares, at $8.48 yesterday, were off 15% from the time RW Baird issued its outperform rating.
(On January 28, 2011, I did a post on my blog about this)
On JANUARY 26, 2011, Mr. VanMeerten wrote:
ARC - Document management services should prosper
This afternoon I added American Reprographics (ARC) to the Barchart Van Meerten Speculative portfolio. They are one of the leading reprographics company in the United States providing business-to-business document management services to the architectural, engineering and construction industry, or AEC industry. It also provides these services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality that also requires sophisticated document management services.
As the economy recovers document management services will enter a new era of transmittal and retrieval. A company servicing the infrastructure and construction industries should prosper.
The stock hit 16 new highs and appreciated 11.97% in the last month earning a 100% Barchart technical buy signal. The momentum means a 66.40% Relative Strength Index that continues to increase. The stock trades around 8.26 with a 50 day moving average of 7.45.
Wall Street brokerage analyst look for small sales increases of 2.20% but they project an increase in EPS of 137.20% this year and a continued 5 year annual EPS increase of 10.00%.
The CAPS members on Motley Fool think the stock will beat the market by a vote of 587 to 35 with the All Stars in agreement 234 to 11.
(On April 24, 2011, I did a post on my blog about this)
On APRIL 23, 2011, Mr. VanMeerten wrote:
ARC - American Reprographics sell signal
Technical factors signal a sell on American Reprographics (ARC) and a deletion from the Barchart Van Meerten Speculative portfolio.
Technical Factors:
1 - 60% Barchart short term technical sell signal
2 - Trend Spotter sell signal
3 - Trading below the 20 and 50 day moving averages
4 - Off 16.57% from its recent high
5 - Relative strength Index 36.36% and falling
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