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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (8381)	10/17/1999 7:27:00 PM
From: contax	Read Replies (2) \| Respond to of 54805

>>stock has tanked this year. Why? << LindyBill, The stock tanked because of a delay in the shipment of a new product line and because of the delay, their income was a tad less then Wall Street's estimate. Then they announced that their President and CEO, Ron Abelman was retiring and coupled with that they also came up with a new product pricing policy which was going to depress their earnings for a quarter. Well all those events are now history. They have a new President and CEO, Tom St. Dennis that they brought from Applied Materials; their delayed product was released and the negative effect of their new pricing policy was absorbed in their last quarter. WINd is now firing on all cylinders and their up coming earnings report in November should be a dandy. Here is an interesting piece of tidbit: In the past month and a half, a few insiders have made significant stock purchases from the open market. First, three directors bought a total of 125,000 shares in August at an average price of $16 and last their new President and CEO having barely gotten his feet wet at his new job suddenly decided to call his discount broker and bought 129,400 shares at an average price in excess of $18.50! Now when was the last time you heard of a new company CEO buying almost $2.5 million in company stock, and that too with his own money, less than a month after joining the company? biz.yahoo.com newstraders.com Karim