HiDoes anyone have any idea why the price has dropped so drastically since the earnings announcement. Everything looks good to me. RADN beat the street by 1 penny, they increased net margins from 6% to 9%, increased their cash position from 20 mil to 22.8 mil, and they have no long term debt. The high volume today concerns me, but I can't seem to find any bad news. I think I may buy some more tomorrow.Any thoughts??
Hi,It seems to me Radyne is perfectly priced where it is. EPS growth looks to be about 20%/year with a slight upside through FY 2002. I don't have exact numbers regarding growth of the Satellite Communication sector as a whole over the next 5 years, but from what I've read, it looks promising and RADN's growth should reflect that. Read my previous post. RADN probably won't have "hockey stick" like growth, but it will be a steady performer. Because this has such a low float and low market cap, this stock is easily manipulated by MMs. Not much room for short term investors with this stock unless you really know what you're doing.As for downside, support levels are at 8 and 6.Best of luck,Flippin
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