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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (20657)2/13/2005 8:02:17 PM
From: Carl Worth  Respond to of 78662
 
OVNT came out with their numbers, which included guidance slightly below the consensus at that time, during the market's recent ugly period, and promptly got clobbered, as so many stocks did

i owned it then, and still own it now, along with YELL, with the idea that the strong economy will drive both higher

to me the drop was more due to the market than the company's report and outlook, but time will tell...for now it will take a while to overcome the negative reaction and overhead resistance, but long term it should again make new highs as long as the company executes

interesting that the estimate for 2006 actually went up a penny, though who knows what the economy will be like by then?