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Microcap & Penny Stocks : Cade Industries
CADE 42.80+1.4%3:59 PM EST

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To: jsavage who wrote (3427)2/9/1999 8:31:00 PM
From: J.AUGS  Read Replies (2) of 3563
 
Well then, the attention seems to have been focused elsewhere for the last two yrs! It doesn't seem that this company is real concerned with rewarding anyone other than themselves. Big deal, a buyback of 1 mil shres. This won't even put a dent into helping earnings per share!! Now correct me if I'm wrong, the company already announced their expectations of 25% growth. OK, so unless they sign a major new contract, that puts sales at about 120 mil next yr. with earnings per share of about .24-.25, right? Where does that growth get the stock price? Maybe..$3.00-3.25?? Now, since this stock hasn't moved that high in over two yrs, the selling will be tremendous because of people bailing out at that price. Am I missing something?? Not trying to be a pessimist here but this doesn't even consider a major downturn in the market! They NEED a new major contract or this pup isn't going anywhere and the only ones making money here is the BOD. Augs
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