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Technology Stocks : Specialty Teleconstructors, Inc. (XMIT) -- EXCITING!
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To: Thomas Walker who wrote (381)8/28/1998 10:43:00 AM
From: virgil vancleave  Read Replies (1) of 418
 
Don't know, but this stock appears to be in trouble and there are some who feel that since it is now at a 50 % bargain price that all it can do is go back up.

For those who would like to know what usually happens to overinflated companies with management like this one that dilute shareholder value with aquisitions take a look at some of these charts.
impx (not sure if it still trades), amtx, creaf, and many others.

I don't really look at the earnings per share but more at the revenues and profit margins for growth. That is the bottom line. And one point to be made here. Last quarter the revenues were down. If revenues are not up substancially, especially with that large aquisition they made, 10 won't hold as the bottom here. Management selling, some all their holdings, has me quite concerned and I am quite glad I am not long.

good luck
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