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Technology Stocks : Faro Technologies

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To: Jack Hartmann who wrote ()11/15/1999 6:12:00 PM
From: Jack Hartmann  Read Replies (1) of 22
 
Closed at 4 1/8. (FARO 101 too.) Traded at 1115% volume. (Today: 518,100, Daily avg: 46,440) Price rose 36%.
Note: The volume did not count the pretrade 400K block.
Approximately 12% institutional trades per Iwatch.
Marketguide today shows a low BookValue of $4.42 a share.
Low Price/sales of 1.17
Float 5M
Marketcap only 35M. (Boy, is this low)
16M in cash with no debt. (Always good numbers)
11.4M shares out.
Only 4K shares short in Oct99.
Raymond James maybe only analyst following it. Did a downgrade in August after big collapse.
Very strong financial institutional holdings per
smallcapcenter.com

Today's move probably is a financial institution buying into FARO. I'm watching for Robbie Stephens to initate coverage since they have two funds in FARO and haven't done any coverage yet.
Jack
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