Pacer Technology (PTCH) Message Board

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Microcap & Penny Stocks : Pacer Technology (PTCH)

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To: lknapp who wrote (430)	4/28/1998 1:50:00 PM
From: David K.	Read Replies (1) of 726

When the general market weakens, it's often the small stocks like ptch that get quickly dumped. Also, investors don't realize that ptch is gearing up for solid growth. They just see that the earnings were the same this quarter as last quarter ($.02). They fail to accept the following: Higher net sales. Higher operating income Improved gross profit on sales. Improved net income. Larger amount of working capital (12.4 million vs 5.7). Improved current ratio ( Assets/Liabilities). Bank loan to 0. Improved retained earnings. Improved shareholder equity. They want to buy stocks with sizzle (related to the internet, drugs, computers, hot technologies). A solid little company like ptch selling adhesives and nail products does not give them a thrill. But as the company continues its growth, the price will move much higher. It's hard to believe that a company with a potential revenue in 4-5 years of $100 million will remain at a market cap of $22. 3 million. ÿ

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