Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : U.S. Microbics {BUGS} - Environmental Augmentation -- Ignore unavailable to you. Want to Upgrade?

To: Frank Buck who wrote (204)	12/16/1998 2:05:00 PM
From: Ribre	Respond to of 345

By my calculations, we're soon due for a release announcing the opening of the new factory. (The company has said it would start shipping product around December 15.) About a month ago, when the stock was around $2.50, and the company issued their release projecting $30 million in revenues and $.50 to $1.00 EPS for fiscal 1999 (ending 9/30/99), I posted my prediction that the price would soon start upwards. I have a strong suspicion this trend will continue: A profit of even $.75 cents for the year, a modest P/E of 15, would send the stock to over $11 bucks a share -- and, judging by BUGS' impressive (and enormous) list of Fortune 500 customers and government agencies, I believe the pieces are well in place for a P/E of a lot more than 15. My guess is that, following this brief pullback, we're going to see the stock edge higher once again.