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Is anyone following this stock? It makes equipment used in the manufacture of flat panel displays, as well as other semi products. After rising to 9 a year and a half ago, the stock slumped due to mismanagement of their raw materials inventory. They set themselves straight and have just reported their fourth quarter in a row of increasing earnings and revenues. They have a new product, the Versalock 700, which seems to be well received in the industry. The company is on line to do about $40 million in sales and close to $.30/share earnings for the fiscal year to end in Novemeber. They have already announced expected improvements in the coming quarter as well. However, since the release of an announcement of an agreement with a German outfit to use their technology, the stock has slid from 5 1/4 to 4 in just five days. Does anyone have info on what is happening with this company, that appeared to be so well positioned for growth? |
