Since I am concerned about the recent price movement in TRNT, I talked with its President, Steve Wilk yesterday afternoon. Wilk has always been very sensative about releasing any “inside information”, and the conversation mostly covered broad conceptual issues. However, Wilk confirmed that TRNT is continuing to see the “anticipated increases in service and support contracts in the second half of calendar 1996 and into 1997” that it projected in its third quarter press release dated May 1, 1996.
Personally, I feel that the recent softness in the price of TRNT is due entirely to market conditions. TRNT is seen as a “high tech” stock and is participating in the sell-off in this sector, even though the “book to bill ratio” has nothing whatsoever to do with its underlying business.
If you would like an in-depth analysis of the company, E-Mail me at rmdavis1@ix.netcom.com.
Notice: this post is based on publicly-available information, and is in no way warranted by me as to accuracy or completeness. Likewise, I do not guarantee to advise you as to any change in this information. I currently am a stockholder in this Company and may from time to time purchase or sell this Company's securities. I otherwise have no affiliation with this Company. |
