Couple good posts by 2121 on the Fool. -tae
DLJ/Boucher came out this a.m. with a new report. He reits. his buy and believe the sell-off was
due to rumors. He talked with management. Book value is $7.12 per share. 98 est. is 1.98. 99 is
2.37. Expects June eps of .49. $40 target.
One thing I think Boucher doesn't quite get is the float issue. And MONT just dropped his offer
price to $17.75. He has got some more today it looks like.
MONT cut rating to HOLD. But this guy sucks. He doesn't like management, as I have said many
times before, because they cut him out of i-banking deals. Careful of the MONT machine, they are
a tough group of SOB's and when they want to make money on a short, they usually find a way to
do it. I'll try to get the report, but you can expect th usual stuff about declining sales, margins, lack
of OEM deals, competition, etc... |
