Jake: I mentioned in my earlier post (#231)that I sold my ZOLT stock on the 7th of July when it was about 10% lower than it is currently, and I came out about even. I had concerns about the company (post 230), and still do. On the other hand, if the numbers and accomplishment look attractive, and the company seems to be doing what they profess to be doing, then I'd like to get back in.
Even with the latest earnings announcement (unofficial) of $0.19, in which the company met or slightly exceeded analyst projections, I was unable to find any announcement from the company as to what was the growth of their carbon fiber sector. We're going to have to wait.
Call me whatever, but I just can't understand why a supposedly growth-innovative company like ZOLT doesn't publically announce how the carbon fiber business is growing, how much capacity they've brought on (if any) in Texas, how are they doing against plan, why aren't they spending the cash recently raised on capital equipment, who/what are their new customers/applications. We get a 10Q every quarter and that's about it.
If ZOLT is going to be a smashing success, I think there will be plenty of time to get in and make a lot of money. Any bad news right now could drive the stock down quickly. Since I read the lack of news as "no good news to report", I plan to wait another quarter or two before I buy, I think there's too much downside risk presently.
I hope that the results prove me wrong and that the longs make 20-30% or more before I get a chance to join you. I think if they're successful, this will be an easy three bagger, and we'll all make good money. If they're not successful, this may be another $14 stock
good luck |
