Re: [CANSLIM] OSTE

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] OSTE
Date: Mon, 5 Aug 2002 14:03:53 EDT

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Donald: In my opinion the uncertainties surrounding a falling market simply
make it dangerous to buy any stock at this time. If the market were
improving, instead of declining, I would avoid this stock until the price
exceeded $15 or $20. Low priced stocks are usually below the searchlights of
large investors, and without an elephant or two, the stock price could creep
along for an extended period of time.
From a fundamental point of view the company just turned profitable a couple
of quarters ago. If you look at their EPS by quarter for the past six years,
their experience has been spotty, at best. I want to see some Return on
Equity before buying.
On the positive side, other companies in this group are doing well, even
though the Group Industry Relative Strength is 68, two points below my
personal 70 minimum.
Growth for 2003 is projected to be an 84% increase.
Without tearing it apart my impression is that this could be a successful
company sometime in the future. It certainly wouldn't hurt to put this one on
a watch list and see what develops. On the other hand there are other more
mature companies further along in their development that mean more to me than
this one.

Charley

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<HTML>Donald: In my opinion the uncertainties surrounding a falling market simply make it dangerous to buy any stock at this time. If the market were improving, instead of declining, I would avoid this stock until the price exceeded $15 or $20. Low priced stocks are usually below the searchlights of large investors, and without an elephant or two, the stock price could creep along for an extended period of time.
 From a fundamental point of view the company just turned profitable a couple of quarters ago. If you look at their EPS by quarter for the past six years, their experience has been spotty, at best. I want to see some Return on Equity before buying.
 On the positive side, other companies in this group are doing well, even though the Group Industry Relative Strength is 68, two points below my personal 70 minimum.
 Growth for 2003 is projected to be an 84% increase.
 Without tearing it apart my impression is that this could be a successful company sometime in the future. It certainly wouldn't hurt to put this one on a watch list and see what develops. On the other hand there are other more mature companies further along in their development that mean more to me than this one.
 
 Charley</HTML>

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