Replies to post #95860 on Value Microcaps Motherboard

[researcher59]

linuspop: thanks for posting the WPCS analyst comments .... after I saw your post, I checked briefing.com, and in fact they had put out a summary of the analyst comments at 7am which I was not aware of. That certainly explains the heavy volume selloff in the stock today .... and yesterday !

From briefing.com - 7:18am this morning -

WPCS Intl: Merriman is reducing 3Q08 ests due to temporary project delays; expect rebound in 4Q08 (8.01 ) : Merriman is reducing their 3Q08 ests to $24.1 mln in rev and $0.07 in EPS due to the combination of weather-related issues in California, the continuation of competitive pressures in non-wireless state business from 2Q08 and the anticipated slowdown in Sprint Nextel (S) related work. Despite firm's est reduction, they are maintaining their Buy rating based on the temporary nature of the expected shortfall with the anticipation of a rebound in 4Q08 (ends 4/30/08) based on the co's strong backlog and bid list ($36 mln and $125 mln, respectively, as of 10/31/07).

[curlews]

WPCS - Linuspop, thanks for sharing that info so quickly. I bought more at 6.99 and 6.85. Those are pretty drastic cuts in the analyst estimates, but they still point to strong growth 2009 over 2008, and the CEO comments are strong.