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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Mulder who wrote (3203)3/26/1998 6:27:00 PM
From: WBendus  Read Replies (2) | Respond to of 6445
 
Looks like there is an excellent opportunity to make a quick buck on MIND in light of a major sell off today that toppled the stock by 3 3/4 points to 13 a share. The company came out and announced that they were going to miss estimates for the quarter and that their auditor is encouraging them to increase there allowance for doubtful accounts. What has been missed here, is that the short fall is primarily the result of an unexercised purchase option on some leased equipment by a major customer of the company that is in the midst of being aquired and that the increase in doubtful accounts is the result of a South East Asian problem where a frim or firms? have been slow in paying but have not yet given up.

Today's sell of has been greatly over done, especially in light of the already deeply discounted price the stock had been trading at before.

Wayde.



To: Jeff Mulder who wrote (3203)3/26/1998 9:56:00 PM
From: Bruce A. Brotnov  Respond to of 6445
 
Jeff, I have had KTIE in Poormans database for a few months and just about gave up on it until it responded a little recently. It has a mediocre rating of 4 (max 12) and biggest negative may be the high debt (116% that I show for it).It is a slow sector (E rated in IBD) right now so it will have to be watched for a while.

Every once in a blue moon I read the heading of the topic and remember that my Prodigy C-Poormans (Poormans CANSLIM) "handle" is at the beginning of the topic along with Brookins Buys, who I now work full time with. I don't think John publishes his letter any more after moving back to CO and enjoying God's creation from his ranch. At the time this topic started John was in MD, Henry in VA (Navy) and I in VA, now Henry and I are in SC. How things change.

Bruce