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Technology Stocks : Parlex Corporation(PRLX) Record earnings again.
PRLX 0.00010000.0%Aug 22 5:00 PM EST
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To: Stephen J. Eisenreich who wrote (8)8/18/1997 9:00:00 PM
From: Stephen J. Eisenreich   of 92
 
To All:

Earnings will be released at 1:00 p.m. EDT on Wednesday, August 20th. Concensus is $.18. I'm betting it is slightly higher. Those of you who have been around this thread may remember that I spoke back in January 1997, of this stock possibly seeing $30 by the end of the year. In April, with the stock at $18 it split 3 for 2, consolidated for awhile in the 12-13 range and then broke through it's old high (adjusted for split) and ran over $21. This would have been the equivalent of $28.

Their investor relations people have stated that they disagree with nothing the analysts have had to say about PRLX and that they expect no negative surprises. If they meet concensus earnings, and I'm banking on it, and come with positive forward looking statements, I can see this stock going right through its previous high and establishing a new base in the low 20's.

June quarter results will have no contribution to the bottom line from their proprietary Palflex flexible interconnect circuitry since that just started shipping in July. We should begin to see good things come from that in the October report.

PRLX is trading at 17 1/4 bid 17 3/4 ask today. Watch this thread for "more at ten." :)
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