GREY:ZEDIF - Post by User
Comment by
cerebuson May 13, 2005 9:39am
198 Views
Post# 9030079
RE: question?
RE: question?The stock was trading too high based on hype and expectations.
First Energy forecast for 2005 was:
Revenue - $35M
Margin - 48.8%
Earnings - $10.3M
EPS - $0.11 / share
1st quarter results were soft and it now appears forecast may not be achieved. End result - drop in price.
If the Company can get back on track the rest of the year then the stock might recover. Although I think a $3.00 target is too high.