Neil:
You state in referring to a 30 % decline:
"As this reporting possibility could not even occur until mid year 98, I fully expect
sufficient forward information regarding other current and future ventures that would
make that issue a total non-event.
In other words, there would be no suprises and the stock would be trading at levels
that are multiple of todays pricing. If the remote posibility existed that there is a
pause in the action, you can bet Presstek has already introduced new products and
technology to overcome any possible future temporary reduction."
Neil, how can you state this with a strate face (assumption). Look at all the companies that have been trashed with the first bad quarter. Don't you think companies like Novell, Scholastic, Iomega, etc. have new products with potential in the pipeline, and in many cases announced. These companies are not 80 % dependent upon one customer. How long did it take Presstek to get the DI going. Have you given thought to the distinct possibility, that even if Presstek makes numerous announcements, that if we are in a bear market, no one will speculate, and if the bull market continues, why should anyone sit with a non or underperforming stock presstek when their are many "hot" companies that are performing.
Neil, where we differ is simple, blind optimism is insane given the trend in the stock (down), and the incredible hurdle Presstek has to overcome to replace significant lost sales. This is without considering a decline in engineering fees which would be the final catastrophic blow to Prst's earnings. |
