Although I didn't meet anyone there, I had a wonderful time at the annual meeting. I know that all an annual meeting serves to do is get shareholders excited, but it worked for me. The story of this company continues to get better and better. It amazes me that the shorts thought this was a $20 stock 10 months ago, and still do after all the recent announcements that will surely add to the bottom line in the coming months and years ahead.
Most of all, here is the one reason why I don't take most of the bears comments seriously. DESPITE ALL THE GREAT NEWS THAT HAS COME OUT ON PRESSTEK DURING THE PAST 10 MONTHS, THE BEARS ARE ALWAYS SKEPTICAL. The bears have downplayed two production increases, accelarating earnings, 8 vendors using PEARLgold plates, the new system being made for aluminum cans, the Imation announcement, the Nilpeter announcement, and the beginning of shipments of the Omni-Adast press.
I now honestly believe that, unless somesort of worldwide recession hits in the next few years, Presstek can realistically earn over $10/share in the year 2000. THERE IS NO REASON TO BELIEVE MORE AND MORE AGREEMENTS WILL OCCUR IN FUTURE MONTHS, ALL OF WHICH WILL ADD TO PRESSTEK'S BOTTOM LINE.
Anyone who honestly thinks this company is worth $20 is ignorant, stubborn, or both, and has no financial wits.
acey |
