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Technology Stocks : Trans-Industries (TRNI) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Mac who wrote (21)	3/31/1999 10:05:00 AM
From: Christopher Brainard	Read Replies (1) \| Respond to of 30

Jim, I am still here and actually bought more shares at the beginning of the year, again an early purchase! You are correct about the 1st quarter revenues but way off regarding EPS. Folks have talked to the company and they have indicated earnings for the 1st quarter will be WELL BELOW the earnings of last year. My guess is that they might even report a loss. Gee, no wonder the stock is hitting 52 week lows. Review of a five year graph would indicate that the $5 area should be a major support zone for the stock. Here lies my problem with this company. No way to estimate what earnings are going to be if operating expenses are going to be varying all over the place. Current problems seem to have something to due with floor space, not enough of it! Starting to sound like another Boeing. Thus it is very hard to get real excited about a record backlog, the company can not handle all this new business. Since I have no way of making my quarterly forecasts for this company, I have no estimates for 1999. I hope you are correct and my 1998 forecast was just one year too early. But I am afraid that this company is many quarters away from "getting it's act together". We should have guessed that a management that could miss its own forecasts for so many quarters in a row would have trouble in other areas of their business. Since the hallmark of a good investment is strong management, I am afraid that TRNI has proven that it has pretty much failed this important test. If and when the stock recovers I will certainly not be a long term holder. Once north of my average cost I think I will be a seller of all my shares. I like to be able to sleep well holding shares of all my major holdings. TRNI is not a sleep well type of company! Would be interested to hear the opinion of others that may not be so negative on this stock. IF THEY CAN PULL OFF A TURN AROUND, $6 would be a great place to buy more shares. Chris ...

To: Jim Mac who wrote (21)	4/15/1999 10:25:00 AM
From: Christopher Brainard	Read Replies (1) \| Respond to of 30

Well Jim, The results are in and as expected they do not make very good reading. The company continues to dangle the $175 billion Highway bill carrot in front of us and well as the record high level of overall company backlog. Whether these guys ever will get on track again is a big question mark. If one is pretty sure they will get it together, todays share price should prove to be a very attractive buying point. I have no strong conviction that they guys will "put it together" so I have no plans to buy anymore shares. If the share price ever does begin to rise, I will be a seller at $8 and again around $11 (man, what a big hope!). With these sales I will break even on what has turned out to be a very bad investment! Chris ...