To: William Harvey who wrote (23718 ) 12/29/1997 12:09:00 AM From: Asia Dave Read Replies (2) | Respond to
I am sure I am walking into a fire trap here, but I have a few questions. I am well aware of the view that Ftel's products are superior and that they have some very savvy leaders plotting the course. But I sat down hard and went over the numbers, and though I am often wrong in my calculations, I find that FTEL stock is trading above its value even now. The company has had a negative cash flow, has large debt, has decreased net profit, and has shifted its direction. Sure, there has been a huge increase in revenue generated ove the last year, as well as the stock price is going higher even increased offerings of stock. I understand that a new company, or even a 17 year old company that is trying to emerge will experience its share of growing pains. But that is exactly my point, it seems to me that FTEL is far from done with its growing pains. Looking at the numbers, it seems things will be continuing a downward course. Don't the numbers have to turn around before Ftel is a smashing new stock of the next generation? I wasn't around during the rise of IBM, or even some of the newer companies, but where is the indication that this stock is going to be the quick gainer that so many people on this thread are touting? Now many of you have been talking about the $5 level to make Nasdaq, but why do you see $5? I think FTEL can and will be a very good company in the future, but what indication is there that this is going to happen so quickly? There are sales in the pipeline, but we have generated no revenue from them. I just don't see it happening quickly, and it seems to me that a better time to go with this stock would be once it has started its upward move. The stock price is reflective of a lot of things: people's faith, exciting press releases, mood of the market, etc... but the companies own finances seem a better indicator of where the company is going to me. I see so many people talking about the market makers, and I agree they play a powerful in the price of the stock on a day to day basis... but the company plays the ultimate role. I was listening when people were explaining how we were going to reach $15 by last July. Have the market makers kept us from those ranges? Or was it that this company isn't quite as poised for delivery as we (me too) like to think?
