Lee,
After last earnings, and how they were watered down (IBM) and they still were cheered for beating them, and the stock took off, I have been very unimpressed with the stock. To me it seems that the street isnt looking at them with the same scrutiny that it does for other stocks. If that has to do with the way the stock went virtually nowhere last year while the bulls ran town, maybe. Look at the chart for last summer to this spring. It was stuck in a tight trading range.
I cannot trade a stock that is being favored for reasons that arent fundamental (IMO). IBM is losing its PC share to the best company, and I am not sure they can manage with their integrated products division (software) in which I know a person that works there.
On another subject, I think HMTT is very undervalued. It has great growth, it hasnt missed numbers since I have followed it. It has a low PE and if IOM gets its $%^& together, then the stock might get up to the 15 area again. It is a big supplier for IOM, and you know how IOM has done over the last few quarters. Also it is in the sector that has been trashed (SEG, HTCH etc) and I dont think from company merits and acheivements that HMTT has deserved a 50% haircut. I have seen HMTT at 20, and at 5. I think it is a winner.
I know the list is long for companies that fit that group though, but at some point they will be rewarded.
I found out about HMTT from a man that lives in your neck, told me it is a good co, along with another.. I forget the name, but it is a big corp up there, having to do with agriculture? I forget.
Anywho, I wanted to give you a bit more info about what I knew.
I cannot decide which camp to be in come this tues. If dennis and others are right, I am happy getting DELL at lower prices, but there are others that feel the end of the drop has occurred.
I would love to come to a consensus on here, that would help my decision making process.
Gotta take off.. |
