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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (6742)7/29/1998 1:33:00 PM
From: Gator  Read Replies (2) | Respond to of 25711
 
Joe, QUST earnings due tomorrow (coming out early)!

THIS IS BIG!!!

Just talked with Ladenburg Thalmann analyst regarding QUST. Earnings due tomorrow morning, still expecting $0.15-$0.16 range. He maintains their 12 mth price target on QUST at $13 (now at $5 5/8). Report was written Oct 27, 1997, so they're looking for it to go up 7 1/2 points in 3 months. He's expecting a double or triple by year-end.

Said that depression in stock price was due to conversion of preferred stock, which triggered some selling, and their link to Biltmore Securities (their underwriter from a while back) who is having problems, so every stock related to Biltmore was hit (he does not think that Biltmore has any more inventory).

He feels that once people see the earnings and the underlying strength in the company, that the stock price will pick back up. Still expecting $0.72 eps for the year (which give them a forward PE of 8).

Contact:
Ashish R. Thadhani
Special Situations Analyst
Ladenburg Thalmann
(212) 409-2339

Gator