Path: utzoo!utgpu!news-server.csri.toronto.edu!cs.utexas.edu!uunet!convex!swarren From: swarren@convex.com (Steve Warren) Newsgroups: comp.sys.amiga Subject: Re: Commodore stock Message-ID: <105395@convex.convex.com> Date: 27 Aug 90 14:02:17 GMT References: <90237.145531JKT100@psuvm.psu.edu> Sender: news@convex.com Organization: Convex Computer Corporation; Richardson, TX Lines: 35 In article <90237.145531JKT100@psuvm.psu.edu> JKT100@psuvm.psu.edu (JKT) writes: >Commodore stock ended the week at 4 7/8 a share, after hitting a low >of 4 5/8 a share on Thursday, the lowest price I have ever seen it. >It was up to 11 1/8 back in January, and has been sliding ever since. > >I've seen at least one article in some Amiga mag somewhere that echoed >my confusion about this state of affairs: That there is little or no >reason for the stock to be at this level. Commodore is doing better >now than it has in years, with better products, better managment, >better marketing, etc. Why the heck is the stock down so far?? The answer is simple: low profits. Investors looking at the botom line will see low dividends and be unwilling keep their money invested in a company that fails to produce higher profits. Personally I think that will change soon. If you agree then you should buy as much Commodore stock as possible, because once their profits go up significantly their stock should sell much higher. That would make $5 quite a bargain. BTW, I've noticed that the Iraq crisis has hurt technology stocks much more severely than other stocks. Tech stocks seem to fluctuate much more drastically than other stocks. Which makes them attractive vehicles for speculation, right? If I can paraphrase Roy Roger's advice on the stock market, buy your stock when the price is low, then sell after the price goes up. If it doesn't go up, don't buy it. ;^) -- _. --Steve ._||__ DISCLAIMER: All opinions are my own. Warren v\ *| ---------------------------------------------- V {uunet,sun}!convex!swarren; swarren@convex.COM