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SSTI is a supplier of medium density flash memory devices. They IPOd last Nov. '96 earnings are estimated @ $0.85, an increase of 183% and '97 earnings are est @ $1.20 up 41%. The stock is currently at 14 7/8 so the PE is only 27. But has dropped from a high of $20 2 weeks ago. Hard to figure the drop with this level of projected earnings. Thought it might be thinly traded but it trades over 200,000 shares per day on average. I figured this one for a high flier and wonder if the recent drop is a short term pullback or if there are things happening that are not in the news. Any one have info or ideas on this one? Thanks . |