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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?


To: Demosthenes who wrote (1016)9/18/2000 4:00:36 PM
From: Alan Gallaspy  Read Replies (1) | Respond to of 1214
 
Demosthenes,

Given that practically everyone, even the beloved analysts, were completely oblivious to PRI's production bottlenecks, what will PRI have to do redeem themselves in the eyes of investors? Will we see the game of them blowing out the lowered expectations for this quarter (ending Sept 30)which was stated by the company to be forecast for "net income slightly above break-even, excluding special charges". Or will we need several quarters of strong sales and stronger earnings, plus virtually unlimited visibility into the future.

PRIA's share price is always volatile, and they rarely seem like a bargain to me. In light of their practically unique position within the sector, strong prospects for equip sales in general and automation in particular, the extreme haircut we have just witnessed, and what seems to be a very specific and short term problem that has been identified and addressed, I would conclude that PRIA has a great deal of potential from here.

Alan