VTC - Vitronics Message Board

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Microcap & Penny Stocks : VTC - Vitronics

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To: Khris Vogel who wrote (13)	8/1/1996 12:43:00 AM
From: Jay Fratt	of 85

Kris, Sorry it took me so long to repond I been on vacation. I got the recent earnings report and I was disappointed at the result. The report could have been worse however. Essentially the earnings for the second quarter are even with last year. I was expecting the second quarter earnings to be five cents instead of three. I have brought my average cost per share down to $1.85 with recent accumulation and am currently holding. I believe the third quarter is the key in the near term. Last year the company reported strong earnings in the third quarter. The good news is that the company's balance sheet remains strong and the opportunity for growth is still there. Hopefully we have only seen a hicup in earnings growth and the new product line will create increased sales in future quarters. Another strength I think the company holds is its world-wide customer base. It apears that the semiconductor industry is growing faster abroad than in the US and Vitronics should be able to capitalize. Long-term prospects continue to look promising. About the question of news releases. I am not aware of any way to get news releases beyond the traditional business news wires (rueters & comtex mainly). The investor relations department at Vitronics is helpfull and this may be the best bet for unreleased news. I plan on contacting them to inquire as to the expectations of the third quarter.

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