Gimme gimme more
We are in a time warp, it is now July 1997 when creaf was at 18.
Gimme me a break, the Asia contagion is a problem for every companies. As of last quarter, creaf sales to Asia was about 16% and net profit is 19%. Using this as a guide line, let's do some simple calculation, for their 3rd Q sales we will use their FY97 3rd Q revenue of 295M, presuming Asia sales goes down to 10% so we minus off 6%, that leave us with 278M. With NP at 19%, this mean they will still makes about 52M, and that's a respectable EPS of 55 cents at this trouble time. How low you want to beat this dog.
Gimme all of them at 18, I will go 200% long at this price!
I am waiting for your shares - PR
PS - Went for my coffee break and I am now a major shareholder in creaf, they hit all my 18s before I post this msg. Spent my last few margin $$$ to get some at 17 7/8. Don't worry for me, PR will be laughing all the way to the bank next week. :o) |
