<< >>- 9% earnings growth from last year.
I counted a 22% revenue increase from last year's quarter and 14% for the 9 month period. Did I overlook something? >>
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Ah sayd "earnings growth". Yes, there was a 22% revenue increase from last years aberation. The 97SEP qtr's results were the cause of a big decline in GEMS, plus some stockholder suits. But, I was talking "earnings".
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<< >>- Basically flat revenues compared to 96JUN and 96DEC qtrs.
Perhaps this is seasonal, also consider that MOT announced it's problems with the Asian paging market, one could assume that this has affected GEMS this quarter. At least they made their numbers. >
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I hope you are right about "seasonal". It would be nice to see paging really take off overseas. I still don't understand why it hasn't. But, if you look at the 1995 forecasts for NPCS growth thru the 2000's, it has always been very low.
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<< in today's market this and outright creative accounting tricks with tech stocks tend to be ignored >>
Totally agree! Anything seems to work, on the books.
Also, I consider this market like a pyramid scheme.The money coming in to buy stocks at very high multiples are paying the profits of those that are already in. Sooner or later, the pendulum will swing the other way.
I think that GEMS has been left out of this market bubble because of the 97SEP quarter's results. It certainly doesn't seem to be following some of the other tech stocks that are higher in price, but are not doing as well or losing money.
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<< Long term I think they are cheap
I don't know..... 9 month earnings growth @ -5.2%, but, of course, that is looking back.
The best part of the earnings report was about domestic growth in one-way paging. Also, I think that the buying of the other two companies is going to be good for Glenayre in the future. I wanted to buy some "puts" this a.m., but as is obvious, it wasn't possible. But, playing puts is a short term strategy.
If GEMS slips down a few pegs down, I'll probably pick up some myself.
Nick, thanks for your response.
Regards,
Bob |
