PRTG has recovered to over $12 now, I would think it will soon reach its $13 IPO price. The only news I saw out wasn't even very positive:
Punk, Ziegel & Knoell issued Company Report
Posted: May 8, 1998
On May 1, 1998 Punk, Ziegel & Knoell analyst Tarun Chandra issued a 4 page Company Report on Prt Group Inc. Report highlights: "The 1998 and 1999 EPS estimates were lowered to a loss of ($0.10) from $0.00, and $0.51 from $0.70, respectively, to reflect the serious loss of momentum during the first quarter, which will take at least one or two quarters to restore. A MARKET PERFORMER rating was maintained. The company reported a 1998 first-quarter EPS loss of ($0.17) versus ($0.09) in the same period last year. Revenues of $18.8 million represented a 108% rise from $9.0 million in the same quarter last year, and a 5% sequential decline. Excluding the one-time restructuring charge of $1.0 million, the net loss was $3.2 million compared to a loss of $1.3 million in the same period last year."
Realistically, this stock needs a year to start looking good. In my opinion, long-term investors will be well-rewarded; short-term traders will probably get burnt. |
