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Technology Stocks : USRX

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To: Scrapps who wrote (12627)2/21/1997 10:09:00 PM
From: Boon   of 18024
 
You're right; we're all guessing...but my sense is that traders are dumping the stock because they realize USRX will not make this quarter's earning estimates.

Regardless of managment's expectations at the conference call that this quarter's sales would be backloaded, USRX has blown the X2 rollout. So X2 sales will be delayed, and USRX will not make its quarter. All of us should expect to see analysts start issuing earning adjustments soon.

To make matters worse, with each additional day of delay, USRX will miss its quarter by just that much more -- and the USRX share price will correspondingly sink. Not a pretty picture for those of us who are long.


Boon
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