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 Technology Stocks : Perceptron (PRCP)

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To: Tim Williams who wrote (11)10/31/1997 6:13:00 PM
From: Ron SovakRead Replies (1) of 34
 
PRCP tanked today due to missing 3d QTR earnings by $.03/share. Earnings wer $.33 per share for the quarter. On top of this the company announced that the $th QTR may also miss due to delayed orders . The triple whammy was a downgrade.

IMHO this is still a growth stock!! Delayed orders are not indicative of a downturn in buisness or of flakey financials. It's been my experience that stocks that fall back due to customer's delaying of orders eventualy bounce back. I took the drop as abuying opportunity and double up on my shares. Note that the delays in orders were from the forestry division and the (main growth area) automotive sector.

Hang for a QRT'r or two and we'll be back in the mid $30s.
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