Zeev's Turnips Patch-No Politics (ZEEV)

[techanalyst1]

I think merq has been the victim of no urgent reason to buy lately and it just falls. Even an upgrade by MSDW the other day did nothing other than pop it on the open and then fade.

It's tended to peak in early March in the past and then trade lower into earnings, sometimes getting some life the last couple of weeks in March.

Looking at the valuation though (if you allow the company all gaap accounting).... not too bad. Earnings and revs have gone up nicely while it has remained in this multi year range. I believe it was in this range with earnings half of what they are or less. Should the company report good earnings in this quarter and decent guidance, I won't be surprised if Merq can finally break from the range to the upside..... to maybe 60-72 or so.

Do you remember if they ever bought back any of the zero coupon converts?

TA