The Motley Fool Discussion Boards
Stocks M / Melita International
|Subject: Re: OUCH!!||Date: 6/17/1999 10:49 AM|
|Author: ThinkTurtle||Number: 40 of 54|
This board has been pretty quiet lately.
(A few weeks ago) I read the fool's book, and researched this stock. Everything appears positive.
My foolish assumption:
Two stocks i own, QWest and MELI.
QWest wants to aquaire UsWest and Frontier.
Price dropped 23%!
Meli did aquire two new small business,
Price dropped 8%.
So the conclusion is that if the company attempts or
did acquire some new business, the stock price will
drop. I don't understand why, and if someone can
explain please do.
Meli is making more money according to their financial,
more cash for expanding their business, increase the client database.
With Y2k around the block, old business's call system
needs to be upgraded, new equipment will be purchased.
From what I can tell, everything looks good for this year. So, I decided to hold their stock for one year.
Maybe my logic is not foolish enough for a computer programmer. :-)
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