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Non-Tech : BYDS

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To: LAFITY who wrote (32)5/30/1997 9:23:00 PM
From: Michael Davis   of 152
 
Next Tues. there is a shareholders meeting. I doubt that anything will be "revealed" there. I can't figure out who would be selling at these levels. Anyone that has owned this for awhile must have bought in at higher dollars than they can sell for now. My guess is probably that sellers now (volume not too high) are people that bought thinking they might get a quick rebound...and when that didn't happen, they moved on. Mon. could be interesting, if volume and price pick up, then maybe Tues' meeting could signal a change for the better. Zacks is still showing two analysts at strong buy, one at hold, 0.17/share current qtr earnings estimate. My guess is that if they can meet or beat that expectation, then I will owe *AV* one XXL tee-shirt. Meaning...price estimate of 6 1/2 in July. One of the best announcements they could make at the meeting would be that they have hired a strong manufacturing manager. Hopefully, this time they won't have had to raid Titan Wheels. Perhaps we need ZZTOP to have another hit record.
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