Capital, thanks for PYTM chart; actually noticed from a more
careful reading of Porta System's last quarterly report that net income for most recent six months, ending June 2005, was .21 cents -- which makes the forward-looking EPS not .36, as I stated previously here, but FORTY-TWO cents per share! And it's currently trading for a buy price of .51???
Are you kidding me?!
Considering also the growth prospects that this company has and the turnaround story thatis has become -- Porta was once upon a time a trading on a major exchange for upward of 10 bucks -- this could be a HUGE gainer in the next few weeks. Hiring of the top-notch investment banking firm was a move company had to make to reassure investors that debt question would be taken care of properly.
And lo, the chart: Excellent record-high closing price of .51 Friday means up we should go from here... My revised short-term price target: $2.40
GLTA
