Brad, MWAV is a long term hold for me too. No intention of paying short term capital gains on this potential multi-bagger. CBS coverage today.
Regards,
Tom
NewsWatch
Indications
ADR Report
Tuesday, July 25, 2000
M-Wave surges 38%
--1:12 pm - By Chris Kraeuter
M-Wave (MWAV: news, msgs) shares are up 38 percent on volume of 390,000 shares, 19 times greater than
average. The maker of printed circuit boards used in wireless communications reported net income of $758,000,
or 33 cents a share, compared with a net loss of $226,000, or 10 cents a share, for the same period last year.
Revenue was $11.97 million compared with $1.9 million for the same quarter one year ago. "The strategic plan
that we have been implementing over the last five quarters gives us the tools to achieve our goal of $100 million in
annual sales within the next five years," said Joseph A. Turek, chairman and CEO. The company boosted its
annual sales estimate to between $25 million and $35 million. M-Wave shares are up 3 1/32 to 10 15/16. The
company's 52-week high is 15 1/4, hit on March 5. |
