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This stock recently surged from $3.50 to over $6 and is now trading in the $5 range. The CEO, John Mitcham, took this company over in May this year and he has an impressive track record of turning companies around and making them profitable or selling them to large corporations. His previous turn-around was Paradyne, which was bought by AT&T. In less than two years after John joined the company as CEO, Paradyne's stock moved from the $3 range to $10 when it was bought by AT&T. Tricord manufactures network servers and it's largest customer is IBM. Financials are not impressive at this time, but one can count on Mitcham's expertise. Keep a watch on this company. | ||||||||||||||
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