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Technology Stocks : CPRK - CapRock Communications

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To: Walter Morton who started this subject8/4/2000 9:00:42 PM
From: Bjorn  Read Replies (2) of 12
 
Strange. CapRock has gone from $20 to $50+ down to $4.09 and no one has posted anything on this board. This company is currently selling at 0.8 times sales, compared to 5 - 8 times sales for competing CLEC's. They have been hit by a cancelation of a major contract worth $30M and that wipes out $300M of equity. They compounded the problem by a CFO leaving and a new announced CFO not getting on board. Now they are facing lawsuits etc but probably not serious. All in all a PR fiasco but I think its a super buy at current $5 a share. Anyway hope someone is interested as this will add to the demand for the stock. I am long since just below $6 here a week ago.
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