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Microcap & Penny Stocks : Plasma Therm (PTIS)

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To: John who wrote (310)7/16/1997 5:58:00 PM
From: JM   of 377
 
Another good day volume 320K+, and up 1/8. According to IBD, only 4 funds own this one presently. Hope that the volume also attracts institutional investors. With only ~10-11M shares out, it will not take much for the big guys to move this stock to the $9 range. In late May, analyst Lauri Goldstein of Seidler Companies initiated coverage with a "buy" and a 12 month price target of $11 (this according to July issue of SSR newsletter). I wonder if this is the broker listed by First Call?

PTIS has a $16M backlog. Assuming a net margin of 8%, and dividing net profit on these backlogged sales by 11M shares, I come up with $0.12/share yet to be realized as earnings. Or, is it possible that the action of the past two days is attributable to a big announcement that may be pending?
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