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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To: Paul Senior who wrote (10) | 6/29/1997 8:23:00 AM | From: james s | | |
paul, i'm in on coastcast @ an avg. of about 13 on the last 5 months of mostly (buying down). PAR is still the largest investment grade clubhead maker by a pretty good margin. thanks for the info about ruger and ELY. coastcast is shipping the new taylor made and cobra, i feel this will be a good quarter.
good trades, james |
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To: james s who wrote (11) | 7/16/1997 7:02:00 PM | From: Bosco | | |
hello all - strange, PAR was 2c ahead of Zacks eps and it closed DOWN. From the PR, the CEO seemed not to be a savvy street pleaser, especially when he did not capitalize on the seq earning growth (other financials do look iffy) is 130% and there is a break of earning disappointment of the last 2 qtrs.
comment?
regards, Bosco |
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To: Bosco who wrote (12) | 7/18/1997 11:55:00 PM | From: james s | | |
hello, i was hopeful on this stock, however i feel this maybe a play for another day. they have inventory of 26 million and it killed thier profit margin. i will be intrested to see if the co. can make a buck in the medical industry.
good trades, james |
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To: james s who wrote (13) | 7/19/1997 7:19:00 AM | From: Bosco | | |
hello James - from what I read from the CEO's stmt, the orthopedic segment is making some progress but will not help to add to the bottomline in the near term.
You are right. Its inventories caught my eyes right away. However, I think this co may be an out of favor after 2 qtrs of earning disappointment. Even though it beat the est by 2c, it didn't turn heads. PR headers didn't help by broadcasting rev declined by 6% - but what about seq earning growth by 130%? Or recovery on course? Perception. Perception.
While mgt should spend its time growing the business and watching the bottomline, it would help if it has some media savvy help to prevent any mis-perception.
regards, Bosco |
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To: Bosco who wrote (14) | 7/23/1997 12:16:00 AM | From: james s | | |
hello, i have done some math on this and i still don't know what to think. if only they had more products in this cycle,aircraft medical anything. they seem to live and die by the whims of the game. see support at 11 7/8 -------- oh before i forget the 2 cents suprise, the est. was revised twice to the downside. good trades, james |
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