GTIS: Is there a better bet for Christmas sales? Message Board

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Technology Stocks : GTIS: Is there a better bet for Christmas sales?

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To: Mike Kao who wrote (178)	12/7/1996 3:10:00 PM
From: RJC2006	of 432

True, let's face it Mike. When it comes to this one, I was anything but correct. Let's just say that I am wrong about 10% of the time when judging an issue in it's entirety. Let's hope I get credit for '97 with this one! The frustrating thing is that of all the issues that I have ever invested in this one totally hood-winked me. The cash flow had some problems but there was no long term debt, great sales appreciation with a compliment to income. There usually are two reasons for acquisitions, either you are treading water or you are in full stride. I bet on the latter but it will take time to see if this is the case. Typically, distributors are a bad bet but most times this is true because they have few exclusive rights to the products they distribute. My feeling was that most of their titles were theirs exclusively. One can't base GT's performance on games alone, however I did test them and I thought they were fun. Most of them are about $40, this beats the outlay for Playstations or Nintendo 64s. All in all though, I have to wonder how it is if they are in such terrible trouble they will turn in a profitable quarter. Now, if this changes and they end up with even one loss quarter then I suspect that you are correct in your opinion that one should sell ASAP. Believe me , my faith in this issue was substantially shaken on this news. It really is about the worst press one could imagine. It was surprising that the downgrades were hold or neutral rather than sell. I know, hold or neutral is a nice way to say sell but if it was a true sell any broker or analyst would be seriously branded for not issuing it as such. I suspect that I am not the only one that has a wait and see attitude. Thanks for you input.

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