when will it turn around?
I am certainly using my calculator to see how much more cash I can squeeze out of the bank accounts to get my corel. Certainly testing my nerve with recent declines, but I keep reminding myself Corel is a major company with a forward looking strategy. They seem to be positioning themselves to take advantage of an economic rebound which in the short-term does make investors weary and certainly has lowered the share price. But as someone else posted their 7.3 million lost is entirely due to their recent acquistion ("The biggest factor in the loss was $8.5-million in one-time costs partly stemming from its acquisition of Micrografx Inc., which was formally completed on Oct. 30." ) which means they still had fair cash flow. They still have "Cash, cash equivalents, short-term investments and restricted cash amounts at the end of fiscal 2001 stood at $122.4 million" unlike many other companies that are scarmbling to get some financing.
As for the future Corel mentioned "Our two strategic acquisitions announced in 2001 will enhance our capacity to deliver customizable, intuitive and collaborative content solutions and professional services to enterprise customers", to means that equals as before a constant stem of news releases that will keep interest and investors focused on Corel, and now that the finance report has had its impact I believe any news can only help to get the share price back to $4.50-5 as the markets rebound in the mid or latter part of the year.
Corel also mentioned "The company also worked towards the completion of its acquisition of SoftQuad, Software Ltd., a deal which is now estimated to close in early to mid March." and that NR should help remind investors there was a reason behind the financial lost, and that a company with 2 recent acquisitions can not being doing that badly. I beleive the question is not if, but just when Corel will turn around and climb back up, the nice bounce back the other day from 2.50 into the 2.70s certainly shows investors wont let the stock slip much lower, how much lower I am not sure, but doesnt make much difference as at these sub 3 price it is a great deal. Well there is my ramble to convince myself to go buy some more and then wait! how does it go again...buy, hold, and PROSPER!