Neil,
I'm just trying to give people a little more perspective
than what they are getting from the Cabot Letter....
You're right, he will have a hard time dealing with this...
I wonder when I do write him and talk to him, why he does not
understand that there can be another side....
Yes, Presstek has been a great momentum play... but the
future is always changing... people invent new stuff that
is more efficient and less costly...
The people in the KNOW, actually laugh when I bring the subject
up to them.
Did you know that the Market Cap or Worth of Presstek, at
these levels, exceeds what Heidelberg Droken Machinen is worth.
Heidelberg sells several billion dollars worth of presses per
year, has over 15,600 employees Worldwide, and has more than
a million square feet of factory space...
Compared to Presstek with 100 employees with a new factory of
80,000 square feet going to be built???
Lets' all of us have a bit of rational thinking here....
help me here, please.
In closing, I told Carlton Lutts and the Cabot Market Letter
in April that Presstek was not the next Xerox... but rather
the material on the imaging drum.... and that changed almost
every year as improvements were made in the case of Xerox.
Presstek is but a vendor to Heidelberg... Heidelberg is the
Xerox... not Presstek. And the future is plateless imaging
drums....
Hope I have helped your perspective... Keep a close eye on
the situation.
In closing again, why would someone tell you to not sell before
a correction.... I say sell, when the stock corrects buy it back at lower levels... you'll be getting more shares... I just can't
figure that one out.
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