Sparky, I share your concern about this stock. But somehow I am a little more oppomistic at this time. I would at least wait until early 98 to see some more information before I say I don't count on this company any more.
You know, I was holding Best Buy (BBY) in early 96. They were losing money, market share went down, profit margin went down, the 60% + debt made me feel like they were going to be out of business soon. Their stock dopped from midlle $20 to $8. One year late, though, everything turned around. They are not only in business, their profit margin increased, their earnings are on the rise, stock is up to $38 now. Suddenly, a dog becomes a darling.
It's just hard to judge a company at a difficult time. I try not to sell them when they still have a chance. Actually, I am very serious in buying more OAKT at this time.
Good luck. |
