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Microcap & Penny Stocks : Transnet-TRNT

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To: Bob Davis who wrote (41)8/9/1996 8:19:00 PM
From: Michael Carey   of 140
 
At 2 3/16 Transnet seems to be very over sold. The question becomes how
long does it take to get a nice bounce and some price momentun going?
If the company continues to post these kind of revenue increases then
I think the trend will be for a nice rebound. I think the market may
have over-reacted to the decrease in quarterly EPS and its a good
opportunity to pick up a nice growth stock cheap. A PE of 11 is
not bad for TRNTs kind of growth. Mike
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