Real nice news: Like this..> " Yet audiohighway.com has not experienced the same stellar price per share that other recently-public Internet companies have, primarily because it has lacked the exposure and revenues to push it into the limelight. "
and
" The company reported fiscal results on March 31, with a 1998 net loss of $5.8 million, or $5.12 a share, over a 1997 loss of $3.7 million, or $4.11 a share.
Revenues for 1998 increased to $139,000 over revenues of $4,000 in 1997."
Not impressive numbers! Not comparable to other companies, as stated in the Press.
AND,
as I stated before, and this proves me correct again.
" 1998 net loss of $5.8 million, or $5.12 a share "
" 1997 loss of $3.7 million, or $4.11 a share."
Gezzz... They are lossing more money THIS year then last!!
It is a VERY deep hole to climb out of! IMO
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Positive Comments:
"he believes with time audiohighway.com could have the potential to reach similar price levels with an increase in exposure and revenues."
BUT.....> What would you expect analyst John Paulson of Paulson Investment Co to SAY, he DOES NOT LIKE THE STOCK? LOL
He/They own shares of the stock. Analyst Pump their own stocks too, usually so they can unload shares.
"they definitely have the potential to be a big player in the audio sector on the Internet,'' he said. ''Whether or not they'll reach the level of Broadcast.com or RealNetworks, only the market will say.''
Again, same reason as above, BUT, admits that it's a BIG Up hill climb. Looking at the Fundies, it is a VERY steep Hill and AHWY is Far behind the others...
Good Luck with your Long position, but watch the stock closely as history has proven that this stock can and does, DUMP just as fast as it gets PUMPED |
