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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sal D who wrote (5584)6/3/1998 9:22:00 PM
From: Sergio H  Read Replies (1) of 29382
 
Joe, ICP does look good. It's a stock to hold and not to play for a quick buck as I'm positive that you know. The CEO stated that he projects annual growth to be about 17% per year for the next three years. The current PE indicates that the stock is fully priced based on the projected growth rate.

The Co. has successfully completed their cost cutting measures and the bottom line has improved. They have now embarked on a strategy to reduce their dependence on residential sales by increasing the commercial international sales. So far their strategy is working according to the company.

Four analysts have Strong Buy ratings and Institutions have been buying the shares. I think that the last analyst to offer coverage is Hambrecht and Quist and they've also bought shares to establish a position.

Sergio
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