>>> You got me interested enough in RomTech. I also like to follow insider trading. <<<
Hello, Mohan,
Did you ever get a chance to take a closer look at RomTech ? Here is an UPDATE should you still be interested in the company.
ROMTECH UPDATE
On October 28, 1997, the company's Chief Financial Officer (CFO), Gerald Klein, bought an additional 25,000 shares at a price of $2.00 per share. Two weeks later, on November 13, 1997, the company issued a press release stating that the company expects RECORD results during the second quarter of Fiscal 1998 -- ending December 31, 1997. In the press release, RomTech said it expects seasonal opportunities to enable revenue for the first half of Fiscal 1998, ending December 31, to MATCH revenues for the ENTIRE Fiscal 1997.
The company said its goal of DOUBLING revenues in fiscal 1998 to more than $8 million was based on the success of its Galaxy products. Not long ago the company had issued a press release stating that it expects to report EPS of $0.20 during fiscal 1998.
This would seem to indicate, based on average P/E ratios for the software industry, that within a few months ROMT could be trading as high $6 to $7 per share even thought it currently can still be bought for $2 to $2 1/2 per share.
Here is a link to the new RomTech thread ===>
exchange2000.com
By the way, I am well-aware that this all sounds way to good to be true. So please do let me know if you think that I'm missing something because I am still accumulating.
Thank you, Mohan.
-- LeoOorts@compuserve.com |
