Virco (Nasdaq:VIRC) +12% Today & Pays Dividend

A company flying under the radar who pays a dividend and had a few shares traded and has been around since 1950, around 50Million MarketCap.

Virco Manufacturing Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. The company offers mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs, and folding tables.

Virtuoso chairs. Its table products include ...read more

Global Recovery and a Happy Friday

Consumers are spending and corporate America is recording a profit, and the stock market is rallying into the end of the week, primarily because the insurance portfolio managers need (puts or ETF short positions or a sector short to offset) have been going up everyday since Monday and must be pared back before we go into the weekend, plus you have new entrants into the market (mostly retail investors) who ...read more

Market Takes an Afternoon Dump

I talked with Dewey Scneebley today and he was lamenting about Ben Bernanke’s Testimony (we all watch this in the Lodge) and he said quite acutely :

” Unusually uncertain comments cause unintended consequences.  Traders exited the markets today abruptly during Bernanke’s testimony about the state of the economy, and BB is right, it’s incredibly uncertain, the market acts heavy and trades volatile.  I expected the capping of the well to have ...read more

Market Weaker

Stocks were mixed in Asian trade. The Nikkei fell 1.15% in its first trading day of the week, but the Hang Seng was up about 0.9%, Australia gained one percent and Shanghai was up more than two percent. European indexes are however down across the board; the Dax is currently off about one percent and the Footsie is down more than a half percent. US stock futures sold off in ...read more