I never thought, I'll lose money on PMTC. I'll hang on till year end and sell if it generates a total loss. PMTC management stinks!
T.Rowe Price owned 29.3 million shares as of 3-31-2000, Putnam owned 27.3 million shares, Oak Associates owned 22.2 million shares, Seligman J.W & Co. owned 10.7 million shares, Friess Assoc. owned 8.6 million shares, Barclays bank 7.3 million shares, Scudder Kemper 5.6 million shares, Cohen, Klingenstein owned 5.4 million shares, Morgan Stanley owned 5.1 million shares and State Street owned 4.5 million shares, Brandywine fund owned 6 million shares, Fidelity Magellan owned 3.4 million shares and Sound Shore fund owned 3.2 million shares!
Today's volume of 28 million is way lower than the 120+ million all these guys own. Total shares are 275 million and the float is 228.2 million! So some guys still think of riding with PMTC for a while!
PMTC management including Welske should be ousted immediately.
Stock should see a year 2000 high of $ 14 or less, unless sales improve! |
