As president clinton said, what is the meaning of the word is..
Im currently not in as of now, i have been trading it in the 2 1/2 to 3 range. I got distracted in other stocks and missed that quick move up and an opp for a nice low fill for a long term hold. Assuming that their listing status is resolved, and my gut instinct says it will be, it is an excellent hold through the next 24mnths. But to be on the safe side you might not want to go full guns until you get word on listing status. Listing resolution could pop it short term to 5. Ive seen alot of crap companies with meager prospects and no where near the league bbtk is in stay listed. Bbtk is a jack kennedy play that the bullet will not get this time.
It kind of depends how much risk capital you have laying around, if you have some available its worth a little allocation now at this level, but not full guns, not just yet. Ive heard that they are trying to restructure existing bond arrangements in order to meet the minimum asset requirement. If i was an analyst i would put a risk venture capital buy rating on it. These guys are no popcorn operation and are likely to surprise the market the next 12 months. In regards to the recent run up from the 2 3/4 to 3 range., i noticed that alot of analyst, especially this past weekend, are starting to hop on the "broadband" advisory bandwagon. I have seen numerous articles and interviews over the last 7 days hyping the sector and the bell atlantic aol broadband initiative added the fuel. (take a look at AWRE over the last 60 days) This could also have helped the bbtk move over the last two days. Wstl pair and orkit have looked ok recently also. The heat is on in this sector.
Just when you think ecommerce momentum is dead, here comes the hardware subsector of the internet to pick up the reins. bbtk earnings are out feb 5th 4:01 pm reuters,, feb 8th quarterly conference call. In terms of revenue, they are pulling some in from lucent, i have no idea if their losses will be smaller than expected, as occured in their last report , but judging by their strict focus, i imagine it will be an ok day feb 5th-feb8th...........dont forget that the delisting is still an issue and really should be considered an issue by a responsible investor until the company gives an ok..Why? another company here in the research triangle, SEER , bit the bullet and went off to the graveyard or the bulletin board last year. People were gobbling it up prior to that in the ones and twos on rumors and speculation. Well after delisting it was dead in the water and months later was acquired for a measely.35cnts/shr approx....
On a last note....keep in mind that the company chose not to make public the deadline they had been given in order to meet listing requirement.....ive pondered it and wondered if they were going to take their restructuring submittal to the last moment and didnt want any extreme downward volatility in the share price from nervous holders as the date approached that would risk a break under 1 dollar a share,, then they would have 2 requirements that would be not met for listing. Food for thought.
In summary if you have high risk capital available, its a big buy. Ill be set up with a new broker next week finally,,and hope its still in my range becase i will pick up a bit to hold for ahwile.
Im personally looking , in this order,,, news on listing resolution , product releases in mid 99, and possible deployment of technologies in Europe through Bosch. Good luck |
