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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem

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To: dstange who wrote (622)6/24/1998 10:30:00 AM
From: Clay Takaya  Read Replies (2) of 1540
 
Why are you worried when good stocks gets destroyed? Otherwise, you never get a chance to buy them at a discount.

The first time I was able to buy into this stock, the company warned that earnings were "going to come in at the low end of analysts' expectations." The stock got cratered from the mid-20's all the way down to 10 and change. I was lucky enough to buy around 12 and then quickly ride it back up to the mid 20's. I remember the warning coming close to the end of Q3. When you see this kind of "opportunity" it leaves an impression.

I think this quarter will be tough to make ends meet as the expectations of .47 EPS seem particularly above what the company has been doing in the past. The good news is that if SBS makes the quarter we'll all be sitting on $35/share for sure, maybe higher.
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