Anette,
Thanks for the comments. Certainly the one of the outstanding features of this play is the quality of mgt, and you have reinforced this in our minds.
I am extremely bullish both on the market as a whole and on ABTX in particular. I have great confidence that we will see close to $15 by year end, or early in 1998, and anticipate at least $20 sometime in coming year. If they hit or exceed the 0.45 estimate we may even see higher 12 mo hence.
Overall, I expect great volatility in the market for the next couple of weeks, maybe longer. But the up trend will resume IMHO because the boomer generation needs to put their savings somewhere, and bonds and money market just won't cut it. I fully expect a 9000 Dow before the end of next year and such a strong market environment, if it occurs, will be even more positive for ABTX. Hopefully we will not run afoul of any more currency situations in that time (but don't count on it).
BTW, I picked up some HPZ this afternoon; looks like it settled out.
FWIW,
Jim L. |
