QRSI provides centralized product information database and electronic data interchange and related network services to retailers and merchandise suppliers, or vendors.
On May 7, 1998, Quick Response reported flat sales and in-line earnings for the first quarter. Shares promptly fell 21%. ''I'm hoping this is just a one-quarter blip,'' said Michael Chung, an analyst with Williams Capital Group LP. ''There's a lot of expectation built into the stock, particularly with all the optimism over Internet-related stocks recently.'' QRSI was then downgraded to short-term ''market perform'' from short-term ''buy'' by analyst David H. Keil at Robinson-Humphrey Co. Inc.
Should investors stay away from QRSI and is it a short? |
