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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (7994)8/22/1998 9:58:00 PM
From: JoeinIowa  Read Replies (1) | Respond to of 29382
 
Sergio,

What I have been told is that they have a new auditor(Ernst and Young)and that they are working on getting a qualified opinion. This is their year end(May) and they have always released very late in August. Word was circulating that they would release a few weeks ago but that was never confirmed. We were then told they were waiting on the qualified opinion. No date has been given but I have been told it will be this week. In this market no news is bad news and good news is usually ignored. The trading pattern has not pointed to great news coming so I am very cautious. Like I said I am not buying anymore until it crosses the 50 DMA and holds. The word from high up in the company is that the earnings are phenomenal. How much per share is that?

Jose