There are a number of shareholders that have asked why Microphonics' stock has not performed well of late. We thought it best to address this issue in this general forum.
Someone on the message boards brought up a very interesting point; that the market in general, as well as many large cap, fully reporting issues; have been down over the past few months. In late April, the markets seem to have peaked. Since then, many stocks are looking towards new 52 week lows. Today alone, there were a number of companies seeing their market capitalization drop precipitously, for apparently no other reason than fundamental market and economic trends.
Some basic research shows, in most respects-this year not only has Microphonics' stock performed much better than most indices and market bellwethers such as Microsoft, Intel, and IBM, which are all down about 35-40% from recent highs, but there seems a LOT more room for Microphonics on the upside, both near and long-term. That's supported just from recent numbers released indicating an astounding 101% increase in profits from 1st Quarter to 2nd Quarter.
Add to this the great strides we've witnessed the company taken these past few months, the sincerity and commitment they've shown, and the preparation they're making for the future, and things certainly look strong. Ultimately, the market should catch on. Right now, it's simply a matter of being there first.
SmartStockAdvisor.com maintains regular contact with brokers, investment groups, and individuals to keep them apprised of the progress that is being made. We can't dictate what criteria they eventually use in judging a stock, but, in our opinion, Microphonics is continually moving towards making MRPS a good fit for most portfolios.
Here are a few links for historic information:
tradepbs.com
host.cnbc.com
Regards,
SmartStockAdvisor.com
Disclaimer: SmartStockAdvisor. com is a compensated agent of Microphonics, Inc. as of May 18,1999. SSA has been hired to perform press and investor relations for the company and are being compensated as follows: during the first three months of our contract SSA will receive 3K freely trading shares and 2K restricted shares per month; thereafter SSA will receive 5K restricted shares per month, with possible additional restricted shares on a quarterly basis. The individuals comprising SmartStockAdvisor.com collectively, in their personal accounts, own less than 1% of the outstanding shares of Microphonics. |
