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


To: Ken W who wrote (9631)10/18/1998 4:33:00 PM
From: Sergio H  Read Replies (1) | Respond to of 29382
 
<TRMB - A short suggestion>

Ken, A word of caution on shorting TRMB. TRMB is the premier player in the GPS arena, a market that has just begun to be tapped. I think that the bad news is already stale and the stock won't be going down any further unless the Co. can create some fresh bad news.

In August, Trimble's founder and CEO stepped down as CEO. That certainly was a red flag alerting investors that something was wrong.
A new CEO has not been named yet. Earnings were pre-announced last week, so not much of a surprise can be anticipated. Restructuring is needed and should be welcomed when it is announced, probably along with a new CEO. Earnings release has been pushed back a week to 10/28.

Sergio