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Non-Tech : ZOLT -- Ignore unavailable to you. Want to Upgrade?


To: Maverick who wrote (329)10/24/1997 9:23:00 PM
From: craig crawford  Read Replies (1) | Respond to of 970
 
<< I assume they've missed target and those who know are dumping. >>

Why do you get this notion? Isn't it possible that the market considered ZOLT richly valued at $65? ZOLT sent me a quarterly report a while back that said:

"As a result of rapid growth in sales over the past two years, Zoltek is now operating at the limit of its current carbon fibers production capacity. We expect that this carbon fibers capicity constraint and the growth rate of Viscosa's sales will cause some slowing of the rate of increase in the company's sales over the next two quarters. However the company has initiated a rapid buildup in capacity that is expected to bring about a re-acceleration in sales beginning in the fourth quarter of fiascal 1997 and continuing through the end of the decade."

It is just correcting along with the rest of the market, it could not sustain the parabolic advance that was mounting.

I will be looking to begin scooping up some shares if ZOLT drops to the low 40's.