posted
Take a look at GGNS. This stock has taken a beating recently when it was downgraded Feb 11th from a Buy to a Hold. The company reported earnings a day prior which showed increased earnings and positive growth. In 2004 the semi conductor industry should finally see a turnaround to the upside here. Seems like GGNS is one stock to watch as it's darn close to bottoming out here but fundamentally this company seems poised to continue growth, increase revenues and margin and grow the company in 2004. I think this could be a great buy at these levels any thoughts or feedback is appreciated.
Cheers
Here's a excerpt from their earnings: Net sales for the fourth quarter of 2003 were $15.3 million compared to net sales of $11.3 million for the same quarter of 2002, and up from $39.8 million for twelve months ended December 31, 2002 to $56.9 million for the twelve months ended December 31, 2003. The net income for the fourth quarter 2003 was $268,000 or $0.01 per basic and diluted share compared to net loss of $2.7 million or ($0.09) per share in the same quarter of 2002. The net loss for the twelve months ended December 31, 2003 was $3.5 million or ($0.11) per diluted share compared to a net loss of $11.6 million or ($0.43) per share for the twelve months ended December 31, 2002.
Posts: 315 | From: New York, USA | Registered: May 2003
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posted
I think it should bottom out and might drop 5 - 10% more before it settles. Just goint to continue to watch this one...I think it's a good pick mid-long term.
Posts: 315 | From: New York, USA | Registered: May 2003
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