Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sergio H who wrote (3767)	11/20/2003 2:10:30 PM
From: lostmymoney	Respond to of 23958

The news on NXTI....why the drop. CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Nov. 20, 2003--Next, Inc. (OTCBB:NXTI - News) today announced that it had been notified by news services that Dan F. Cooke, CEO, and John D. Gioioso, a financial consultant to the Company had been named in a federal criminal complaint alleging conspiracy to commit securities fraud. Neither the Company, nor either Mr. Cooke or Mr. Gioioso have been served with an official copy of the complaint, said Mr. Charles Thompson, Next, Inc.'s CFO. "The Company does not believe that it or anyone associated with Next, Inc. has done anything wrong. Messrs. Cooke and Gioioso have both categorically denied the allegations made against them and intend to defend themselves vigorously," stated Thompson. "The Company is continuing its normal business practices and reaffirms that its fundamental plan is continuing to be executed unchanged from its earlier announcements," said Thompson

To: Sergio H who wrote (3767)	11/20/2003 10:53:26 PM
From: Jibacoa	Read Replies (1) \| Respond to of 23958

Sergio: I don't know how much space you have in the folio, but I keep getting good news from one company in which I have a position and plan to add a few more shares.<g> The stock is now starting to get out of my buying range.<g> I first bought some in mid-June and and so far have a good % gain.Today it was up in spite of the market weakness and I think it still has pretty good upside potential. Take a look and let me know what you think. (The stock is TORM)The yearly H, so far is 6.25 and the "analyst's target"<g> is 9.50 This morning they had some news about new equipment been installed in their Netherlands subsidiary. biz.yahoo.com TORM is a specialty chemical company and manufactures pigments, pigment extenders and flame retardants(doesn't compete directly with FAME <g>) which are used in paints, plastics and other applications.(The average daily volume is usually much better than FAME's <g>) They have about 7.12M shares out, but the float is only around 3M (Insiders hold more than 50%)For the last Q in September revenues were up 67% and earnings 300% compared to the previous year.For the pending Q (Dec.) in 2002 they had a loss of $0.02 and I think this year earning's will beat that easily.<g> And for the following year earnings are expected to double with the forward PE falling to less than 8 from the present level around 37 <g> The stock has already had a good run this year. (up around 288%) I didn't buy early enough, but can't complain about it.<g> siliconinvestor.com Bernard