| To: WILLIAM BLACK who wrote () | 5/24/1997 11:12:00 AM | | From: Ken Reidy | | | |
Hi Bill,
I own a small amount of PAR and was very excited to see the strong move yesterday. Do you know why the stock started to move and do you have any ideas where we may be headed?(per your TA) Thank You. |
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| To: Ken Reidy who wrote (1) | 5/24/1997 8:24:00 PM | | From: WILLIAM BLACK | | | |
Ken:
I don't have a factual reason for the stock to move. I had been watching the stock over the last couple of months and when it made a move this past week or so I became more interested. The chart pattern indicated to me that something was going to happen. I finally looked at a S&P report and was very impressed with the financials. VERY STRONG. I bought some at $12.5 about three or four days ago. I think it is terribly undervalued and should at least on an initial move to the $17.5 - $18 area. It has also made a short term head and shoulders bottom which again, a move to the 17.5 - 18 area. Since the 200 day moving average is at the $16 area we could hit some resistance there. At $14 it is only selling at 1.8 bookvalue.
I think the Tiger syndrome is affecting this one also but again that is what it took to wake investors to begin looking at the golf mania.
About as far as I would guess right now. With the financials, products and customer line it is also a good candidate for a buyout.
Bill Black |
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| To: WILLIAM BLACK who wrote (2) | 5/25/1997 2:21:00 PM | | From: Paul Senior | | | |
Yes, I follow it. Reason for purchase: compelling fundamental value (at lower prices). Plenty of reasons for the stock to move to 14 IMO.
FYI, 6/97 Money Magazine says "the (golf) club market is growing only 6% a year."
Paul Senior |
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| To: WILLIAM BLACK who wrote (2) | 5/28/1997 5:29:00 PM | | From: Norrin Radd | | | |
Bill,
I'll take a look. The semi group has been pretty strong lately ranked 4th of 197 industry groups as of last Fri. TRID and SIII have bounced strongly off of the recent lows. MSCC's chart looks interesting. You might want to look at the chart of ALMI, a software co. Try their StockVue product (free). I am buying under $1.50 for a return to $2.50, assuming no news at all. Any positive news will likely break the $2.50.
I'll have to send you some candidates from my recent work. My watch list is approx. 125 stocks at present. |
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| To: WILLIAM BLACK who wrote (2) | 6/14/1997 1:36:00 AM | | From: james s | | | |
William and ALL,
i was pleased to see PAR on the SI server. i follow the teck
threads and it dawned on me coastcast might just have a thread.
i am really bullish on this stock. i can't figure out why the
market has so completely discounted it. they have no debt, good
earnings, low p/e and a p/s of 0.74 !!! am i missing something?
i plan to call investor relations monday to see if they are having
ramp-up problems. hope to see more action on this thread soon.
good trades,
james
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| To: Norrin Radd who wrote (6) | 6/20/1997 9:24:00 AM | | From: WILLIAM BLACK | | | |
Tom:
Thanks. I still like CREAF ( Creative Tech). Expect it to reach $25 - $30 in 6 - 9 months or sooner. Look at JMAR. I took a larger position in it yesterday after breaking out above $3. They are in the Xray Lithogragh to produce chip circuits down to .13 micron. Looks like they may be the leader in development of this technology and if developed should be in demand by all chip producers especially INTEL and IBM. Check the Thread for more detail.
Bill |
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| To: Norrin Radd who wrote (8) | 6/20/1997 3:16:00 PM | | From: WILLIAM BLACK | | | |
Tom:
I have bought CREAF since $7 level. Sold it off and then bought back. I think the $15 - $17.5 level will be good support. Merrill Lynch is calling for $24 in the next 12 months. Most earning estimates are in the $1.75 - 1.80 for FY97 ( year ends this month) FY98 estimate is $2.10 - 2.25. Growth estimated at 10 - 15 percent. CEO in meeting last week said very comfortable with high end of estimate around .49 for 4th quarter. I like Oakley and Jmar as I mentioned.
Bill |
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| To: Paul Senior who wrote (3) | 6/29/1997 12:56:00 AM | | From: Paul Senior | | | |
Well I guess I'm one of only a few who are following this company PAR. May be a good thing (few followers) 'cause all the news I hear is bad. Let's see, we have this week:
1) Calloway announces its going to give a contract to Sturm Ruger for one million club heads as part of a deal whereby Sturm Ruger buys Calloway's foundry. Goodbye PAR's Calloway head business??
2) An article in 7/7/97 Forbes by Caroline Waxler who pretty much recommends shorting the stock: "The stock could drop to 9...If you want to short it the shares are borrowable." (This is as the stock price is 12.25. "The stock could sink further.") She may be very correct in her outlook and suggestion, but the article is just chock-a-block full of negatives about Coastcast with nary a positive word. I see positives also - enough anyway for me to keep my eye on the stock - so I am confused by the purpose of such a negative slant in her column.
Paul Senior |
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