John, I will remain long in PRST as the momentum is still up.
I would like to respond to your last post with some questions of my own that I hope you would so kindly respond to.
Many concerns were raised by Jason's Mother with your prior posts. Some I continue to share after your last response. This has raised some questions I don't feel you addressed.
First, YOU ORDERED THE PRESS...your business will benefit from it's use when you receive it. Are you different from other printers that would need the press for the same usage and applications? Why would you order and believe other printers would not? Do you intend to purchase PRST plates? If not, do you intend to manufacture them yourself? You seem to have a problem with buying the plates at $9.50.
Upon analyzing your statements. It is quite apparent that your posts are so highly emotional and stated in a very intense way. Yes, all of this without actually having a position in PRST shares, either long or short or any other apparent motive, other than protection of shareholders and animosity to Cabot. To fly to a shareholder meeting across the country without owning shares to ask questions that you claim PRST will not answer is either very commendable in your attempt to protect shareholders or indicates an altenative motive.
As a business owner, I find your traveling for a two hour buffet very hard to imagine without another reason.
If you believe that the position of PRST is overrated as a future viable force in the print industry, which makes their present stock price many times inflated, then why are you not short on this stock or are you? If you are and had indicated so, or if the 3 interested parties you are helping were, I would be much more apt to be concerned or even discount your data. What are the "3 friends in your industry wanting your input for." Are they potential buyers of a press? Are they investors, or short on the stock? Do you have a process and would like their support to manufacture your own plates. You have made a coordinated effort to really bash PRST in these posts.
Please understand that as a logical person, I do analysis and research and certainly wish to obtain as much information concerning my investments. As you know, I DO have such a large stake in PRST. You state you do not hold a position in the stock....so....What is your actual motive for the many detailed and knowledgable statements indicating that you have so much more "insider information" that is so factual and so detailed, regarding cancel rate and order rate, etc. etc. You have indicated that Heidelburg has provided you information that is not available to other shareholders...Why did Heidelburg release data to YOU that is confidential and not available to others? Your many statements on PE values, knowledge of when competing companies may become public, consumer report availability, analyst coverage, other institutional holders, brokers contacting you for advice, all indicate you have knowledge of investing and lead me to question your true motives for your concerns. What is your basis for the forceful and adment concern for the many PRST shareholders that are continuing to hold or buy more PRST stock?
Why the "making of your own plates"? The statement that you would like to enjoy the "cost savings" of "making your own plates at $2.50 rather than pay $9.50" is interesting to me. Do you have an invention or a competing product that YOU have manufactured that you would like to use to compete with PRST? Is that the reason for the concern?
If your information is so factual and you have the complete inside story of PRST capability, present production, and earnings estimates, why is it then, that even Lutz (Cabot Market Letter)and others have discounted your vast experiance and input. (at your own admission.) Why would they view your information as "not substantial" and not revelent? Can you tell me why they would continue to ignore your data and discount your facts? As I am under the impression that you have fully informed Lutz of your background and research, you can see why I am so very puzzled. Why is your research not of the slightest concern to his firm, PRST, and others?
I cannot see Cabot as the type of advisor that would not want to provide the negative side, if it had a true bearing on the real future profits and PRST growth. He would be skinned alive by shareholders that buy the stock on his advice, if it was shown he held advance information that would be contradictory to that advice to buy at these prices. There are too many other companies to crown the "Stock of the Decade" if Lutz did not believe in the vast PRST potential.
John, could it be that Lutz knows much more than he lets on to you about the future R/D, new patent protection, real future production numbers, new upcoming orders, other manufactururs of presses that will or are now using PRST plates and Diode Kits (other than DM-QI)?
With the information you claim, PRST and Cabot would have to be mentally unbalanced to ignore a negative side. You state PRST is aware of your "unbiased" concerns, as well as Cabot. Is it your opinion that PRST is then feeding Cabot a bunch of hype? Lutz continues to promote the stock as the most undervalued stock in his portfolio...as well as hold a position in it, just as he does for all the other stocks he has been on target with in the past. A 500% plus gain for many shareholders is certainly Cabot credability!
Is it not true that the reason that production of the QM-DI Heidelburg press in May was -0- is that the production line was upgraded to produce an assembly type process to speed up production?
Of course, there is concern by all of us that own PRST shares. Those that are long term and recently purchased holders, have much at stake here. Profits need to be protected, but not at the expense of future potential of this stock. Your indication of no future here, is not indicitive of Cabot's opinion, as you are well aware.
For the present, the trend is up for PRST and judging from the checks and balances I have used many times in the past, I can see no pattern to indicate the stock will perform any different. I presently see PRST emerging from it's recent correction and again repeating what it has done so many times previous....hitting another new high. The graph shows the stock has again stayed above it's 25 day moving average and rebounded with support when it hit this line. In the past, THIS HAS ALWAYS BEEN THE CASE.
Sure, there is no explanation here for the stocks continued growth, based upon current earnings. Many do know that others have found this company to produce such quality and clarity in print, they have jumped on the band wagon to own the stock, buying and holding no matter what.
Certainly there is hype and yes, Cabot is pushing the stock. As much as I am interested in your motive, I am also finding no motive to question Cabot's honesty in recommending PRST. The continued demand for shares remains. It has foiled the short sellers numerous times. The demand has increased and helped to fuel the stock rise. This stock shows no indication at this time that the game is over. I and others would be a fool to buck the trend at this point and sell. Why? The prior corections have been numerous and explainable. They are normal for the continued healthy growth of a rapidly rising stock company. Until the upwards direction changes, Cabot recomends sell, or other informed sources confirm your claims, I will be carefully long PRST. I await Cabots and PRST's answers to your claims and will post what I hear. Until then I am holding on.
Thanks for all of the input,
Neil |
