Andrew and all: I will repost my comment of this past weekend which, curiously, drew no response. In light of today's earnings, the 10k and annual report warned us:
"To All: In evaluating UTEK's earnings release this week, we should remember the
following from the annual report and 10K:
"The Company has recently experienced cancellation of purchase orders, shipment
delays and purchase order restructurings by several of its semiconductor customers
and anticiaptes that this trend will continue for some time. Accordingly, the company
can give no assurance that it will be able to achieve or maintain its current level of sales.
Additionally, based on present market conditions, the Company presently expects that
future quarterly comparisons, through at least the second quarter of 1997, will indicate
a period-over-comparable period decline in the Company's net sales."
Given the date of March 27, 1997 for the 10k, perhaps someone would like to
comment on whether this sentiment is currently in the stock price or has Art Z, or
anyone else, relegated this blurb to the status of forward looking statements done for
the purpose of pleasing the legal eagles?
BTW, did anyone get a feel for the overall growth rate of the company over the next
five years or so from Art Z?
The annual report has a nice picture of our captain behind the wheel of some yacht,
probably named "UTEK." He has one hand firmly on the wheel and the other on the
throttle and there are some stormy clouds in the background. The guy looks like he is
about ready to break into a infomercial describing how he made a million in real estate
with no money down.
After reading the annual report and all about the areas of business, both current and
future, I must say that if I were an analyst, I might end up throwing darts in order to
come up with a company growth rate or earnings forecast. I remember hearing once
that anlalysts are said to have a hard time evaluating conglomerates because,
undoubtedly, at least one or more areas of the business are beyond their expertise.
Does this sentiment have application toward UTEK?" |
