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Technology Stocks : IMNI -- Ignore unavailable to you. Want to Upgrade?


To: kbert who wrote (55)8/24/1999 10:39:00 PM
From: KevinThompson  Read Replies (2) | Respond to of 64
 

They are in good shape I think as their deficit is not big
and they have zero revenue from autosmart in this report
Not everything is rosy in this report though and I think
it would be great to discuss some items on the thread.


True, but all that may not be "rosey", must be put into perspective in terms of the current stock price and future (near and long term) potential. The current stock price is ** well ** within the range for speculative play, IMO. Although a reported net loss is hardly a "value" play, in light of their potential I feel very comfortable being in at these levels. More press releases and next quarter's report will be the best indicators of just what kind of potential there actually is here.

I admit that I was surprised to read about CPM and Ch11. I was unaware prior to the report. Reporting is always a good thing - says to the investor community "Here's the facts, man. Take 'em as stated. It's all documented." - all up front. Companies that don't report are at much greater liberty to hide things and keep things quiet. Not that anyone should put 100% faith in a report, but the odds of hiding things and keeping things quiet are greatly reduced.

I am long IMNI and anticipating good returns.

Best Regards,
KT