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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Prof who wrote (12920)8/12/1998 11:12:00 AM
From: AugustWest  Read Replies (1) | Respond to of 120523
 
CKFR taking it on the chin today. FWIW, I decided to buy a few more shares at 13.5(I suppose I coulda sold for a 50% loss this a.m., but that ain't what I'm about.) Taking emotion out of it, I still think this is a viable company(One word of caution, and should be watched very carfully, this extended time for subscriber growth gives competition MSFDC time to catch up on technology, and may do some dammage to the resultant growth over the coming year).

CEO(Pete Kight) has cast a rather ominous cloud over the next 12 months, why he elected to do it this way is beyond me. IMO, there should have been some press regarding the lower estimates either before or after the earnings. Just not not good timing. Further more, why he said (in last Q' conference call) he was comfortable with the streets projections of .32 for fiscal year 99 is beyond my conception. That stuff he should never have commented on. He had no obligation, and has now screwed some of his most loyal and dedicated shareholders.

Added note. There is going to be a weekend conference with select members of the SI forum to take place in Key Largo on the 8-27 to 8-30. There will be an 800 number for those not attending. I don't have the # yet, but will most likely be posted on this link.

checkfreeinvestor.com

Hope I'm not bashed for posting here again, once more it's just meant to be informative. Sincerely August.