Jerome, Gottfried,
Just to chime in with my 2 cents on ASYT. Right now, when you look at the fundamentals, it is acting in a "crazy" fashion. 2 to 3 weeks ago, when ASYT announced much lower earnings than expected and a loss for the next quarter, the stock tanked (as expected), but then almost immediately, it started making some good gains. In the meantime, the analysts all started making earnings estimate reductions. On 4/26, First Call had a consensus mean of 1.68 for this years earnings, but a week later, on 5/10, the consensus mean was reduced to -0.43. This is a reduction of 2.11 in this years earnings. Keep in mind, this year earnings end with the March quarter 2002. Buying now means you make -0.43 for the next 4 quarters.
Then you might say what about next year's earnings? Well, the consensus mean from First Call is 0.79. That means that for the next 2 years, 8 full quarters, ASYT is going to earn -0.43 and 0.79 for a total of 0.36. Wow! - what a great investment! However, the stock was up 17 percent last week, the 3rd best gainer in the group of 31 stocks.
Somebody must know something we don't know!!<gg>
Don |
