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.

Technology Stocks : Oak Technology (OAKT) -- Ignore unavailable to you. Want to Upgrade?

To: Neal Lipschutz who wrote (3543)	11/10/1997 8:08:00 PM
From: Sparky65	Read Replies (1) \| Respond to of 4335

Neal, I feel the same way you do. However, I remember when this stock was trading at $15 and the outlook for the company was not nearly as rosey as it is now. If you look at the entire sector that Oak is a part of, you will see that many of the stocks are beaten up. Personally, I think that when the sector comes back into favor, you will see Oakt start to move. Than you will see the herd mentality set in, and pretty soon you will see the stock trading at $20. Remember at a PE of 40, this stock would be trading at $25. Now, I realize that 40 is a high PE. However, if you look at stocks that are "Hot", they ofter will trade at much higher PE's than even 40. I remember back in 1995 when Oakt was a "Hot" stock. If there products take off, it can happen again. I read one analyst report from September. Believe it or not, but they had a 6 month target price on Oakt at $15. That was including the downward revision of earnings for this last quarter to $.10 and EPS for the year to $.64. I think that we will start to see significant movement back upward before the end of the year (Assuming current Company status). BTW Neal, look at the bright side. Lets say that Oak does go to $15, we will end up making some decent money.