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Technology Stocks : Cornerstone Imaging (CRNR)
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To: Cheryl Galt who wrote (143)4/16/1997 12:43:00 PM
From: RON FARRELL   of 430
 
Thanks for the info. I had a hard time getting the earnings off of CRNR homepage yesterday.

It has been interesting to read your and other relatively positive comments on this thread. As a long suffering holder of CRNR, I am as disappointed as anyone in the rather lukewarm reaction to relatively positive earnings. In the short term, this could have something to do with lack of growth from Q4 to Q1 as opposed to the year over year growth seen. The rather lackluster performance in technology stocks in general was also no help.

In the longer term the road for CRNR could still be quite rocky. If you look at a long term graph on CRNR, you will see that they went public in 1993 at $15 and bounced between there and the low $20's before completly falling apart in 1996. So I am afraid that the holders of this stock are probably in two basic camps: 1) Frustrated people like myself who have been holding long term and looking for any decent rally to get out; 2) Relatively new holders who have bought in the $6.00 to $8.00 range who may become frustrated when short burst rallys continue to fail or if you bought at $6.00 and sell at $9.00 or $10.00 you might be happy to take your nice profit and leave. This combined with the fact that CRNR is far too small to be followed by many institutions, and any institutions that went through the 1996 debacle will most likely be scared away for sometime.

I do not mean to be too harsh on this stock, I am just trying to provide some insights as to why this stock may take some time to get going. I think if you are patient and the company continues to execute its turnaround eventually you will be rewarded.

Ron
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