Jim,
PRDM is being drug down with the rest of the SRAM pack, even though they have a better niche. I spoke with their investor relations person (Laura, I think), who said that while Smith Barney downgraded the stock from buy to hold, they did not decrease the EPS estimates ($1.75/sh for fiscal 1996). They mainly just do not appear to like the industry group PRDM is in.
I think analysts sometimes give us good buying opportunities. I think PRDM is just the sort of misunderstood, out of fashion stock that could become ridiculously higher priced, once this bout of analyst terrorism lifts. For right or wrong, I am probably going to dump my IDTI, @ a big loss, & convert it to more PRDM shares. By no means is this advice, its just what I'm thinking about doing.
Funny, I was not a huge tech investor a year ago. I've been drug further & further in, the more "bargain priced" the techs have become (Sneaky, seductive old techno bear isn't he?). I think next year my stock portfolio could be doubled or halved. Long term, I still think silicon rules.
Keep fighting the good fight,
Don |
