For speculative purposes only. I say this after having noted the value of $100 invested in EGLS stock in 1996 and it's current worth now. Not a good defense of the buy and hold concept. This chart came with the proxy statement with the annual report I recieved yesterday. I was quite surprised at the results. The annual report notes that we are still seeing difficulties penetrating Japan.
I try to look ahead and I see on 4/3 Wells Fargo Securities upgraded their estimate on the fallen angel. Do they know something we don't? Does anyone know if the earnings are coming out after the market on Wednesday or on Thursday? Don't want to miss that!!!! Combining this with the Cypress deal and the cost cutting and the general uptick in the economy, could this be the long waited for light at the end of the tunnel? Could rosy times be coming down the pike-- A wafer prober in each garage and 2 chickens in every pot!
Could tomorrow be the first tangible evidence that this former market leader has turned the corner and is headed up?
If so, GO LONG BABY - THE RIDE WILL BE FANTASTIC-
I can hardly wait for the results tomorrow. Let's keep our fingers and toes crossed and we should know more by tomorrow evening. Maybe it is finally time to start to making some Benjamin's on this long forgotten stock.
EGLS, you have been good to me in the past - let me down recently but the market only cares about what you are going to do in the future- not yesterday! Lets's see what you are made of now!! Now go make some money!!!