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To: Syncrude who wrote (3429)2/3/1999 10:33:00 PM
From: the Chief  Read Replies (3) | Respond to of 62347
 
Just a point that I think might be appropriate at this point!
I think you are both splitting hairs!<gg> The stock lost 35% of its value today, the stock is probably good for a daytrade...the longterm worth of the stock is irrelevant. I agree syncrude that the likelihood of continuing large profits may been deminished, but its the determination of an "oversold" condition and at what point to get in. These guys determined $6ish as the number, in the end they'll either be proven right or wrong. If wrong then we can use all of this stuff to embarass them (its in the rules) if they are correct, you'll have to eat crow!!<ggg>

In the meantime, I chose to bail with a commish loss only, because of the 50K withdrawl (the bottom of the box)

Remember... guys/gals...we only chuck sh*t after a person is out. During the time a person is holding paper, we don't need to promote "insecurities" it makes you second guess yourself and thats just as bad as a bad trade!! When in a trade, one shouldn't try and second guess the worth of a company he probably hasn't heard of before, either!!Or for that matter Kevin feel you have to justify it.

If I have misintrepreted anything here...I apologize in advance!

When giving unwanted advice I always sign as Papa Smurf

Signed

Papa Smurf!!



To: Syncrude who wrote (3429)2/3/1999 11:28:00 PM
From: StockPro  Read Replies (1) | Respond to of 62347
 
Syncrude,

Nice try (of some very selective quoting out of context and judicious use of the "etc" at the end of your "verbatim" quote) but no trophy.

For anyone interested, here's the entire paragraph Syncrude was quoting ...

Mr. Shier continued, "Over the past several days, two of our major customers have indicated a reduction in the pace of their roll-out programs, resulting in a significant decline in their commitments to OSF for the coming year. While we are confident that our gross profit margin will improve in 1999, it is anticipated that earnings per share will be slightly lower than 1998."

For those who wish to read the entire release (with no selective editing), it can be found here ...

fin-info.com

Syncrude, here's a tid-bit for you ... the news release indicated the company was expecting earnings at the low end of a range of $0.87-1.15 per share. One year ago, the share price was around $10 and headed upwards after they reported annual earnings of only $0.12 per share.




To: Syncrude who wrote (3429)2/3/1999 11:31:00 PM
From: Buckey  Read Replies (1) | Respond to of 62347
 
SC - I am closer to this stock from a past life than I realized when I bought it. I did not even know it. I made a number of calls before I made a decision to stay in. I am more comfortable. I know you arte just quoting the NR and not trying to be confrontational. Neither am I - but read my ramblings

Lets talk semantics - A commitment may have been a standing order to supply one of CTC, Walmart, or the bay group of companies ( bay Zellers) - Likely the three largest customers or potential customers.

The optimist who knows this business might say - well we dont have signed contract yet so we must let our shareholders know. They have an obligation but is it that bad?? I really dont know

Maybe this standing order is no longer a formal contract??
maybe they are delayed in getting new store plans in place
maybe they are the lowest margin customers anyway that demand all kinds of rebates that lower the margins anyway??
Maybe the POS they had in the bank at this time last year are still not there???
Maybe somebody is sqeezing them????
Maybe the retailers drawing down much lower profit numbers demanded lower prices???

OSF is the industry leader and I truly feel that I will sleep like a baby and this sell off was nothing short of ridiculous and I put my money where my mouth is.

one last thing maybe for once I might know a little bit about what I am talking about.

Having said all that I must adimt that the verbatim you mentioned is accurate and that was all you were trying to point out. No confrontation wanted here. Eventuaaly the market will tell all. Today THe market was impaired and we were seeing a distorted view.
IMHO.

ECUSE THE TYPING - I have an ill 2 year old in one arm