SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Presstek -- Stock of the Decade??
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: NEIL MACK who wrote (672)7/8/1996 5:51:00 PM
From: James C. Shircliff   of 11098
 
Such hostility in your letter to Pierre! Are you not sleeping well? The longs in this stock are probably correct that PRST has a new technology which can generate nice growth in revenues and earnings for several years. The conflict between the shorts and the longs is simply about THE PRICE. The price of today, $1 billion dollars, assumes that above average growth is a CERTAINTY for more than several years into the future. That assumes that competition will be dormant and no new technologies will emerge. When CL predicts $40 of EPS and a 40x multiple he is saying that PRST will very soon be the valuation of KODAK or Gillette. This is NOT PROBABLE. There will not be a Heidelberg in every office in the free world nor the home of most American men. Does price matter to the longs or is this a good story at $400 per share? If the stock splits three for one and goes back to $65 is it still a GREAT STOCK? Most good little emerging growth stories are fun because the market cap BEFORE DISCOVERY by the market is small and does not reflect THE POTENTIAL. However in this case,the market cap is very large and reflects certain success. Well, success is not certain and that's why some investors will bet against you. One more point, since 2.2 million shares are short, the total number of shares that investors "OWN" are 18.2 million... all potential SELLS if things get sticky. On the other hand, there are only 2.2 million shares to be repurchased by shorts if things get sticky for them. You might surmise that a LONG-Squeeze could easily happen!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News