Hi,
Just got back from my vacation and feel pretty good to see that
CLTK is not going down further after it tumbled two weeks ago.
First, the news they announced about some factors might effect
their Q1 98 was correct. Their 97 yeas started April 1, 1996. Just
go check out their previous news releases and you know the next
earning report will be for Q3 97, which is from Oct- Dec. 96. The
earning should come out somtime around mid-Jan. Since their
Q3 96' EPS was around 0.12. I am not too sure if they can beat
this number by a lot since their Q2 97' EPS is about 0.14. I think
the estimated EPS for the next one is also around 0.14. Please
correct if I am wrong. I will go find out more info about it.
In regards to this company, IMO, I think Jan will be a good one
for the small cap companies, especially for good companies like
CLTK. Fundamentally, there is no change for this company. AS
I said before, they have already warned investors about the risky
factors for their future financial performance. I am not too sure
why the stock tumbled after the news announced two weeks ago.
However, as I believe the company is still the CLTK I know, so, I still
believe $17 is still the fair price for this one in the near term. As long
as $$$ don't flow out from the market ( it can switch from big caps
to samll caps), I am very optimistic about this one. So, I simply took
the chance and bought some below $10 two weeks ago. I think
this new year's trading will tell us how it goes. I appreciate any
comments.
Wei |
