Yes, that is true. On 10/9/98, ASYT closed at 3.10 per share. On 11/27/98, just 7 weeks later, ASYT closed at 10.69 per share - a gain of 245 percent. That performance was achieved after ASYT announced revenues of 41 Million for the quarter, a loss of 14 Million for the quarter which translated into a loss of -0.56 per share for the quarter.
Now if we stop this slide in ASYT share value at $15 per share, and look ahead 7 weeks, will we be 245 percent higher to get to $52 per share?<gg> That would be nice. We will find out tomorrow after the bell what the quarter numbers are for ASYT. Present First Call estimate is for 0.52 per share, a 940 percent increase from a year ago quarter at 0.05 cent per share. Last year at this time the share price was $15/16 per share. I could argue that if it was 15/16 per share at that time with a 0.05 return, and now if the earnings estimate of 0.52 is met, a 940 percent increase, the share price ought to be 940 percent higher, or $156/166 per share. I could stand that - how about you?<vbg>
Best Regards,
Don W. |
