Gee, what an intelligent reply, Pete. If you want to talk about something worthwhile, here are some of my favorite longs: CC, FLEX, HD, LSI, MOT, and RRI. When the Geopolitical risks come out of the market, these stocks will be big winners, in my opinion of course. All are trading at significant discounts based on price to sales, PE, and growth.
I am not concerned one iota about the fundamentals of MTXX. Sales were up approximately 100% in the fourth quarter 2002 over the same period 2001. Overall sales were up about 40% from 2001 to 2002. The company earned between 14 cents per share and 18 cents per share in 2002 (my guess). The financial report should be out in a couple of weeks. The company's management said in a recent press release that they expect sales to be up 30% to 40% next year. Even if expenses increase 15% next year, a sales increase in that range would translate into earnings per share of 38 cents to 55 cents, all other things equal. Excluding the market risk, top and bottom line growth in that range will translate into a much higher stock price than 8. Why don't we chat about it next year at this time and see how it all worked out. And don't forget about the six companies that I mentioned at the top of this post. They'll provide above average market returns from today's prices as well, in my opinion.
To make things easy, here are today's closing prices:
CC: 4.85
FLEX: 7.84
HD: 21.58
LSI: 4.15
MOT: 8.03
RRI: 3.06
Luck,
Dan |
