Neal, I feel the same way you do. However, I remember when this stock was trading at $15 and the outlook for the company was not nearly as rosey as it is now.
If you look at the entire sector that Oak is a part of, you will see that many of the stocks are beaten up. Personally, I think that when the sector comes back into favor, you will see Oakt start to move. Than you will see the herd mentality set in, and pretty soon you will see the stock trading at $20.
Remember at a PE of 40, this stock would be trading at $25. Now, I realize that 40 is a high PE. However, if you look at stocks that are "Hot", they ofter will trade at much higher PE's than even 40.
I remember back in 1995 when Oakt was a "Hot" stock. If there products take off, it can happen again.
I read one analyst report from September. Believe it or not, but they had a 6 month target price on Oakt at $15. That was including the downward revision of earnings for this last quarter to $.10 and EPS for the year to $.64.
I think that we will start to see significant movement back upward before the end of the year (Assuming current Company status).
BTW Neal, look at the bright side. Lets say that Oak does go to $15, we will end up making some decent money. |
