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Technology Stocks : ReSound, will it helkp us hear better ? -- Ignore unavailable to you. Want to Upgrade?


To: Beth George who wrote (3)3/5/1998 6:23:00 AM
From: Moonray  Read Replies (1) | Respond to of 44
 
Beth, I'm surprised you had the patience to wait for my profile
to load, not everybody does. I guess "good things come to he who
waits". I had a hoot doing it.

Yes, RSND is having a short-term upward exaggerated thrust. This
is typical of a low-priced stock. It is usually followed by a slow
consolidation over a couple of months. It is hard to say whether it
will be the case for us, however, since they have been cutting costs
for over a year and recently installed new management.

Since going public 4 1/2 years ago, RSND has done extremely well in
expanding their sales but has done very poorly in the earnings
department. Consequently, their stock has missed this bull market:
techstocks.com

My hope is that things are finally on track and the company will earn
the $1.00 that it is capable of, sending the stock back to the 20s.

o~~~ O