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Technology Stocks : Axsys Technologies (AXYS)

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To: Bobcat who wrote (76)1/13/1999 1:46:00 AM
From: Donald F. Figer  Read Replies (1) of 89
 
Bobcat,

I'm not suggesting that the company is "great." I am saying that
they do have a business, and that sector is working at full
capacity right now. As I understand it, the stock price went down
primarily due to the Asian crisis, but demand in Asia is now
coming back. I certainly wouldn't buy the company at this point
because there are other investments which are better. However,
for those holding the stock, I'd wait to see earnings for the
next few quarters. If they don't improve, then the fault directly
falls on the company, not the business cycle.

Don
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