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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (3765)	11/21/2003 12:41:56 AM
From: Jibacoa	Respond to of 23958

You were on the mark on CMKG. Its trading under 4 now. I liked it above 4, so I bought more under 4. Sergio: As we mentioned before, the stock hasn't performed too well lately in spite of J.Benfield's guidance for 2004 and the PE around 12. The float is around 4M with the insiders reportedly holding a good bunch. Part of the recent weakness could be due to fact that in the 2ndQ (Sep) earnings were only $0.04 vs. $0.08 the previous year. (Maybe because sales were affected due to the grocers' strike in California.) If that was the case is possible the results for the 3rdQ (Dec)will look better, however, you have to remember that in the 3rdQ in Dec.2002 the earnings were strong ($0.13)and it seems questionable that they will be able to beat that.<g> At any rate, the stock is now at a much better support level and the downside risk seems small. So as we discussed before,it is matter of having some patience.<g> I still would like to see it showing some upward move before starting any significant position in spite of it been at my buying range.<g> (I hope I will not have to wait until they declare the 3rdQ earnings.) RAGL Bernard