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Avid Technology, Inc. Message Board

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  • imaneditdude imaneditdude Jan 11, 2003 11:23 AM Flag

    I'm not impressed.

    Simple, use the most basic accounting document that exist...the balance sheet. The balance sheet is in far better shape than it was last year...and yes some of that is because of the ammoritization of SI but that has been an anchor on this company since they made that ridiculous aquisition and it is over with now.

    The turn around is in three key places:

    Expenseces are under control
    New BIG Bcst business is rolling in weekly
    Digi is doing great business w/ Pro-tools HD

    I am looking at EPS and actual earnings and I believe that this company is on the verge of taking off in a big way. i am not trying to convert anyone, just explaining why I am so pumped about Avid. I was saying the same things at 14,15,16,17,18.etc.

    Take a look at what the price target is for Avid

    Low= 21
    High= 25

    Just because a stock is overheated and JPM downs it for buy to neutral does not mean the company is doomed, (the fact that JPM even knows Avid exist is amazing), just that it is where it should be for now.

    Talk to me on Feb 3'rd and we will see which way this goes. I do agree with sugarr on one thing..it will not do much from here till news

 
AVID
10.25-0.09(-0.87%)Sep 19 9:32 AMEDT

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