South??? NORTH!Why would you think Corel is heading down and sub 2? Corel is not a sub $2 stock. Corel is a key Canadian software company with a forward looking strategy.
1) 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.
2) 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.
3) 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 $4.00-4.50 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, so great deals on Corel now, but I really can not see Corel being shorted much lower. There just isnt any bad news to get worried about.