Richard, I have become a bottom hunter...At 1.00, IMHO, it is a deal...Remember, I try to peg reversals....From what I have learned,
CHTL is now using a super conservative approach to sales...They do not recognize sales until they are almost sold in the distribution channels. Eventually, the flow will even out, and this will show in recognition of the heavy inventory as sales. CHTL capitalization now is at less than one year sales. If the stock can even move to 1.50, and I trade it, I still make 50%...Regards, Mark |
