Aspect Telecommunications (ASPT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Aspect Telecommunications (ASPT)

ASPT 0.0001000

0.0%

Oct 22 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JAPG who wrote (1397)	8/6/1999 3:05:00 PM
From: Herschel Rubin	Read Replies (1) of 2018

I had the same impression as you did, only I was thinking that at the time of the analyst's revised price target, ASPT was trading in the $10+ range, which means they're expecting the stock to appreciate 40-50% AND YET THEY STILL HAVE A NEUTRAL RATING! Strange, but true. However, there is indeed a rhyme and reason to it all: It's called accumulation by the analyst's firm (or their clients). They raise target price while keeping their rating at "neutral" to give themselves headroom for ratings upgrades later so that their accumulated shares appreciate handsomely. Neil Siegel: The reason ASPT dropped in the fall was most likely due to ASPT's issuance of convertible debentures, which, as we see now, was an excellent strategic move because at that time, undoubtedly, management was plotting their current new direction and realized they'd need capital for new product R&D for the CRM Portal. The best time to get (qualify for) capital is when your company looks like it doesn't need it. The plunge in the fall may have been related to shorting activities associated with the convertible debenture issuance.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next