For those looking at this stock as a buy or hold -- perhaps you can explain several things I noticed.
Revenues were 21 mill 3Q96, 29 mill 4Q96, to 26mill this Q. Why is revenue dropping? CFO mentions in announcement that margins, revenue and EPS increased -- FROM LAST YEAR Q1. NOT last Q -- as in 96 Q4. Sounds like hype on behalf of CFO. If business is so great -- how come they are doing less of it?
I have a real problem with candy coated bad news from companies -- better to admit what is going on and move forward instead of trying to Bullsh*t the shareholders -- they tend to hold the company officers personally liable in lawsuits.
EPS went .15 Q396, .21 Q496, to .16 this last Q. This just confirms potential of backward growth not forward, and reality that this company has not the potential to bring earnings up to meet stock valuation,,, Based on earnings this should be a $12 stock...
Only reason IMO this stock goes up, is shorts covering their positions in a squeeze,,, The bubble has burst it looks like to me -- this stock is way overvalued and should go lower,,,
I have some puts and think I will box position going long stock if it does not open gap down -- which after hours indicates it will not,,, Then resume with puts or short as this market is not kind to high PE's, reverse growth and BS from company officers,,,
Cheers Steve |
