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Technology Stocks : Orbital science (ORB)
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To: Norm Franklin who wrote (2147)7/1/1999 12:21:00 PM
From: Fred Levine  Read Replies (2) of 2394
 
One of my motives of this post is to stimulate interest in the thread.

I am very positive of the LT prospects of ORB. I bought some at 35, at 29 and then doubled at 21. My reasons are that ORB is a leader in a rapidly growing industry, and has more revenues in backlogs than in sales. I also feel that the drop in stock price was due to accounting ineptitude that has probably been corrected. They have hired a 1st rate auditor.

Institutions will avoid this stock until they are assured that their financial information is accurate, and that the company can post earnings. I think that will happen either this quarter or next.

Finally, stock price will inevitably follow earnings. Given the rapid rate of growth, as well as the enormous potential for growth, IMO, this stock will be worth $100 in '02.

Comments?

fred
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