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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (23956)	2/24/2001 11:02:33 AM
From: in_cog_nito	Read Replies (1) \| Respond to of 29382

Ken: Covered my RDRT short sell as the price was rising late Friday afternoon. Took the loss.......> bummer. Now it will probably drop since I covered..lol Check out Barron’s comments on RDRT. Very positive! Should see a nice pop up at the open Monday. I might (might) sit on the sidelines with RDRT for at least the next few days till I have a better feel for the direction of the stock. I did GREAT!! With RDRT for about a month and a half but just can't seem to get it right for the past week and a half. Would help greatly if I could watch the stock closer from work, like I was a month or so ago, but can't at the moment. Working me like a dog!! lol After formatting my drive's and reloading everything, my computer seems to be MUCH quicker, but my connection is slower as I have gone back to dial up modem instead of my FAST but unreliable Cable modem. I REALLY want mobile wireless but it looks like I will have to wait a bit longer in my area for the type of mobile wireless I want. MCOM might be dead by the time they get service up and running in St.Louis. Speaking of MCOM....have you looked at the stock? The technology looks great and the wireless service has excellent potential for massive growth. Problem is, they are running very low on $$$$ and so far wireless growth has been slower then expected. Wireless Internet, even more so Mobile wireless, is the future..........wonder if MCOM will be able to hold on long enough to be a part of the coming explosion ............ ICN

To: Ken W who wrote (23956)	2/24/2001 11:24:43 AM
From: Sergio H	Respond to of 29382

Here's the Barron's mention on rdrt: <...one of the world's largest independent suppliers of magnet recording heads for hard disc drives, boasts a financial track record that is perhaps best described as pretty awful. Even as huge losses decimated the balance sheet, shares that once sold within hailing distance of 50 by last summer had plunged to 2. So it's quite a change to flash forward to December 31, 2000, the end of Read-Rite's fiscal first quarter, and hear management brag about a balance sheet that's in "great shape." And it is -- okay, so there are a slug more shares outstanding, thanks in large part to the conversion of high-coupon debt to equity -- but cash handily outweighs long-term debt 2-to-1. What's more, Read-Rite's earnings surprised Wall Street -- happily, for a change. In first fiscal quarter, on sales of $190 million, the company earned $12.5 million, or 11 cents a share -- more than three times First Call's consensus of three cents. First-quarter sales jumped 30% from the final quarter of fiscal 2000 and gross margins expanded to 20.1% from 5.6%. In a fiercely competitive industry, Read-Rite's technology is firmly in the forefront, Cohen insists. Indeed, in a mere five quarters, its market share has surged from 10% to 28%. "This is going to be a great company," he contends, "a real leader in the next cycle." The stock has responded, but rather moderately, to the company's turn for the better. Shares closed Friday at 7 and change, giving the firm a stock market value of $900 million. For September 2001, Cohen thinks 48 cents a share is a good bet, and for 2002, perhaps as much as 75-80 cents. ...and Read-Rite. And, yes, there's a kicker. Last September, Read-Rite teamed up with Tyco Ventures, a subsidiary of Tyco International, and Integral Capital Partners, an affiliate of the venture-capital firm Kleiner Perkins, to form a company called Scion Photonics. Majority-owned by Read-Rite, Scion will produce state-of-the-art optical communications components. The fledgling company is expected to generate its first revenue this quarter, but has already caused a bit of buzz in high-tech circles, Cohen reports, and he thinks there's a shot this could work out swell: "It's certainly in a hot area." But even without Scion, Cohen thinks Read-Rite shares should "easily double."> Tuvalu Joe's FRDM came up as the Prudent Speculator's pick of the month for February and on last week's Investor's Advisory: <Still A Bargain After 50% Gain (FRDM) Bargain hunter John Buckingham seldom recommends buying a stock that gained 50% in the past five weeks. "But how can we ignore the value leader of specialty retail fine jewelry, offering competitive prices, a broad merchandise selection and a high level of customer service that appeals to its target market of low to middle income customers," he says. The stock is Friedman's (FRDM), who runs 631 jewelry stores in strip and regional malls in 21 states. In FY 2000, Friedman grew profits 20% ($1.36 per share) on a 22% rise in sales ($377 million) and a 6.9% gain in comp store sales. But the stock did not move until announcing Q1 results: sales grew 15% to $173 million and EPS 16% to $1.20. Management credits a 5.4% comp store sales increase and "financial disciplines" with boosting net profits 16.9%. Buckingham says a slowing economy may drag down sales and boost credit delinquencies, but adds management "is on top of these issues." Fifty new stores should open this year and analysts predict 3% to 5% comp store sales gains this year. "We think Friedman's will continue to deliver impressive profits," Buckingham says. He advises buying up to $9.33 with a target of $19 as the stock trades for just 4.4x current earnings and 44% of book value.>