Praegitzer Industries (PGTZ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Praegitzer Industries (PGTZ)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Chiu who wrote (11)	9/11/1996 10:59:00 AM
From: Joe Albinowski	of 196

Paul: The stock dropped due to an announcement that earnings would not meet estimates for the present quarter. I came across it on the losers list when looking for short candidates. I could hardly believe this stock was down that much based on the texture of the release. From the best I can understand, the shortcoming is related to the recent aquisition of Trend Circuits and also costs related to realigning their factories sooner than expected in order to meet very strong demand for it's products. The company is dirt cheap and is one of the few companies in the tech field who can claim to have more business than it can handle. Especially during a time when several competitors have announced a slowdown. I certainly would not consider shorting this company, but have a mind to buy this thing while it is at these prices. According to management, the shortcoming will be confined solely to the present quarter. This stock was over-punished dramatically considering what was really said in their press release. It may have something to do with the fact that it quite thinly traded due to 80 % insider ownership. Joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next