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I argued a bull’s case regarding the sub prime problem in last night’s Subscriber Alert. Here is the bear case:
Aggressive Growth Buy List
Company Close 11/15
UnitedHealth Gp $53.02 $47-54 (has not been purchased)
Brinker 24.15 23-26
Abercrombie & Fitch 75.84 71-79
American Eagle OF 22.46 21-24
Best Buy 46.34 43-48
Nordstrom 33.50 32-36
Reliance Steel 49.95 49-55
Accenture 36.66 34-38
Fastenal 40.88 38-42
Forward Air 29.69 28-32
Walgreen 39.59 38-42
ParkerVision (10 Bagger) reported third quarter earnings per share loss of ($.19), slightly more than our estimate. Most of the shortfall could be attributed to lower revenues from the ITT contract which appears to have resulted from a lower need for engineering help in the ITT product design and development than originally estimated. That should in no way impact the future royalty income from this contract which should be between $20-$30 million.
In addition, PRKR should announce its first cell phone customer soon. If that proves correct, then given the pressure on the cell phone makers to put new product on the shelf, the company could see royalty income from this source commencing within 12 months. Any announcement of an agreement with a cell phone manufacturer could positively impact PRKR’s stock price since there is currently a huge short position in the stock.
As you know the stock has been whacked in the recent Market decline and now sells around $10 a share. The current
News on Stocks in Our Portfolios
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