Al, the stock has been dragging ever since the company came out with the "great" news that they were going to spend a lot of money creating new divisions, to be headed up by folks (who might just want to get paid for the new duties).... So, on the way to making serious money, apparently the Company has found a way to avoid that complication -- at least that's what the "street" seems to be saying. And the research on CTEC has turned less optimistic. Check out the following:
biz.yahoo.com
Note that the expected earnings were cut sharply 30 days ago by the covering analyst.
On the good side, the projected future growth rate is at 50%, and would justify MUCH higher prices, IF the new "investments" pan out fairly quickly. What it means, I think, Al, is that we have a longer wait to see the results out of CTEC than we expected. The potential, eventual price might be higher -- 5 years out -- but it will take longer building up to get there... At least that is MHO at the moment. As a minimum, I will wait through a couple more quarters to see how the trend is developing -- I have taken more profits than my total investment, so I'm considering the remaining stake a "throwaway" --
But I wouldn't mind being a "Stunee" again, like the ETEC and the TIVO! <G>
Cheers!
tso |
