| An SI Board Since August 1997 |
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TRES |
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This one caught my eye the other day when I saw it trade an abnormal amount of shares. Average volume for this particular company is around 50,000 shares. On Friday, August 15th, TRES traded 718,000 shares with the stock advancing +3/8ths. Today was another remarkable day for the stock, up another +3/4 with a little over 1/2 million shares trading hands. There have also been rumors circulating that TRES could possibly be a candidate for a buyout. It would appear that by looking at the price performance and the huge increase in stock activity, this may be a plausible explanation.
I also found that Trescom has a very informative and well designed website. Their address is trescom.com Basically, TresCom provides long distance service to over 230 countries worldwide via an international network of state-of-the-art equipment including digital fiber optics, submarine cable systems, satellites and earth stations, and international microwave systems. They have also acquired ownership in seven major underseas cable systems and on-island support infrastructures of local sales and service professionals. It looks as though the company went public in '96. They have had huge increases in revenues ever since 1994. Institutions own 27%. I'm anticipating the company to start making some money next quarter with a lot of their infrastructure being completed.
Is their anyone out there that has heard of this company? I would welcome any discussion.....
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