geopi@hou2h.UUCP (G.COTSONAS) (05/15/85)
Can anybody shed some light on the recent prices drops experienced by Tandon (TCOR) and Denelcor (DENL) common? Both are traded OTC.
jcp@brl-sem.ARPA (Joe Pistritto <jcp>) (05/16/85)
Denelcor (DENL) is a one-product company, building something called a Heterogenous Element Processor (HEP). There are two versions, the HEP-1 of which a few (order of 10) were built and delivered, with varying degrees of success, the most recent of these was over a year ago. There are various plans for a successor processor, but nothing is final yet. I know they have been laying people off at their Colorado plant location, perhaps the stock price drop is related to this. I wouldn't be surprised if they bit the dust soon, I've always been amazed by their staying power (Government contracts help, the government paid for a major portion of the development costs of HEP-1). -JCP-
adm@cbneb.UUCP (05/16/85)
Denelcor's head man stepped down and this was not taken too kindly by Wall Street. In addition, the Company was running out of $; however, they have just recently got some new financing. Plus, the Company is doing nothing right now (with respect to what Wall Street likes to see) but losing huge amounts of money on scant amounts of sales. Is Denelcor a BUY? I don't know. Hey, you people at Denelcor -- what do you think? As for Tandon, they recently reported a huge loss on a large decline in sales. I, personally, think Tandon is a great speculative buy while it is under 5. (Its book value.) The stock at one time sold for 35 and while I would not anticipate a return to this price in the near future, I do believe that the issue could double given a 1 to 2 year outlook. Thurman
hollombe@ttidcc.UUCP (The Polymath) (05/17/85)
In article <917@hou2h.UUCP> geopi@hou2h.UUCP (G.COTSONAS) writes: >Can anybody shed some light on the recent prices drops >experienced by Tandon (TCOR) and Denelcor (DENL) common? >Both are traded OTC. I dropped a bundle in the TCOR debacle and a friend who works for them lost about three times what I did (taught him not to play with margin, anyway). His explanation was that they were grossly over-capitalized. Also, a lot of people apparently got scared when they layed off 1000 employees and closed most of their plants in L.A.. TCOR did this because they were shifting their manufacturing operations to Singapore, but try to tell that to the amateur investors. "Who cares about supply and demand? Fear and greed drive the market." -- -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_- The Polymath (aka: Jerry Hollombe) Citicorp TTI 3100 Ocean Park Blvd. Santa Monica, CA 90405 (213) 450-9111, ext. 2483 {philabs,randvax,trwrb,vortex}!ttidca!ttidcc!hollombe