To Benny, Mr. Gintel and others-Heard on the street!!
Hi all,
One of the reason the stock had come under pressure was that some sell side analysts have differing view on CKFR's positive earnings. They think that up until Last year, CKFR was an idea stock(an idea whose time has come!! just kidding!!) or a story stock. Once you put numbers on it, it becomes too easy to value the stock, unlike yhoo or aol, which even after coming into black are difficult to value because of the innovative and creative new revenue sources being tapped. Also, the stock is feeling pressure due to more competition coming in from big players.
Besides, the 8 strong buys are from sell side analysts who have either,
1) very little following or
2) they are banking driven
in order for the stock to move up from here, we have to bring in more solid longer term investors like Mr. Gintel. Also, Pete Kight has to do a better job at giving management guidance about the growth strategy rahter than just numbers and keep the tempo of all those strong buys 'cause the "Holds" are not going to be upgraded without a story.
Your views on this are welcomed.
Long live bull market and CKFR.(still long on CKFR!!)
-Kalpesh |
