To: Findit who wrote (8322 ) 3/4/1998 12:18:00 PM From: Howard Frederick Read Replies (3) | Respond to of 14328
// Scott we have over 8000 posts on this thread. So far I have not seen one that has given us Tribers a clue as to why this stock stays grounded. // I will take a stab, fully expecting it to be unpopular. I suspect many people don't really want to know why it stays at/near the current level. IMHO, most of the money in the market is managed by cynical people. These cynics aren't impressed by PR announcements of new products, nor announcements of entries into sizeable markets. They are definitely unimpressed by management who keeps returning to capital markets, whether floating bonds, or issuing new stock offerings. They are far more impressed by continually growing sales, and continually growing earnings. Another factor that impresses them is the ability to grow sales/earnings on funds that are generated internally by existing sales/earnings/cash flow. PR releases can be released by the pound, and product offerings can be announced by the minute, but until they are translated into earnings these cynics just don't care. They have heard flowery promises/grand intentions from hundreds or thousands of companies and realize most of these companies don't deliver. Who are these people? The best example I know of is Warren Buffett, who won't even consider a company unless it has a history of growing earnings, and generates most/all of its capital internally. Why don't these people respond daily to PR releases? The numbers which matter the most to them are released quarterly. They REALLY don't care about promises, just show them the money. If you look at TRIBY's valuation in terms of past sales/earnings, it is being valued charitably, not harshly. Future projections are entirely a function of one's optimism. Howard Frederick A wide-eyed optimist who is long TRIBY (and expecting to be for a few more quarters).