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jim -- imo the probability of a profit next year is great,, restructuing costs have mostly been written off and once employees are not being paid $$ go right to the bottom line. I too hardly see a double next year,, although I hope it is that and more. I expect 28 - 31 to be the highest likely. Should institutions come back beginning this qtr it may help somewhat but I sure do not see that,, they may not yet be finished bailing. There are a ton of people that will be happy from 21 on up which will help keep the price depressed. Over 10% of the float has been traded between 18 and 20. I hardly see those that lost running back either. Add the fact that there are many disgusted with the company for the past 3 years there will be many happy just to get out even,no matter what the level.. I plan on taking my losses over 2 - 3 years,,, due to the fact I have little hope probably over 2 years. |
