Bill,
Going back through '92, the low price for AKLM was 2.94 which was achievd in '97. Again, going back through '92, the lowest year high price was 6.13 which also happened in '97. Hey, that's not surprising considering they lost 4.47 and 3.20 a share for '96 and 97 respectively. Now it sits on 2 prior years of profitability and I'm not sure when THAT happened before, if ever- maybe back when this stock hit the 20's every year? Revenue levels are holding above 100 million per quarter despite the fact that last year AKLM's Nintendo 64 sales went from 60% of total sales down to 28%- enter Dreamcast, which accounted for 28% of sales compared to zilch, of course. It seems to me they are in the midst of some fairly successful tranistioning to new platforms. I have to expect some better Q's this year than this one. Those bad years get further and further in the past every day. Last years institutional activity was a positive 3.29 million or so shares purchased after subtracting sales, and I'd expect that to improve given these price levels.
I could go on, there is good and bad here, but in short I'd guess you shouldn't hold your breath for 2 bucks...3.25 if you are lucky...with the exception of '97(and fundamentals look much stronger now than then, to me), this stock has hit well over 10 bucks every year through '92.
Hell, I think I really ought to buy aklm here. One postive penny this Q or not, the story looks strong here. How do you suppose South Park game sales will do with the young adult crowd?
Dan B |
