Digital billboard manufacturer Daktronics stock rose 8% yesterday to close at $4.01.  The stock has recovered any losses which occurred after the December going concern announcement and is now back to where it was last August.

Billboard Insider’s take:   Daktronics stock has more than recovered from any losses which occurred following the going concern announcement which has brought the shareholders litigation firms out of the woodwork.  Kind of hard to argue that you as a shareholder have suffered damage if you held and your shares are now worth more than they were prior to the announcement.

Crisis is opportunity.  If you realized that Daktronics makes good digital billboards and has a decent balance sheet and bought the stock just after the going concern announcement you’d be sitting on a 128% gain in less than two months.  The hedge fund Alta Fox which owns 2.6 million shares of Daktronics stock at an average purchase price of $3.33 has made a 20% profit on its investment in approximately 4 months.  Maybe Alta Fox should cash in and move on?

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