LENS - A Stenz Pick

[MEA_1956]

Re: All Concords Cameras

I don't know how many of you have seen what Concord makes and what the cameras look like. But yahoo has a nice shopping section w/ pictures and details. I searched for all Concord Models and here they are:

http://advanced.search.shopping.yaho...=&keyword=

Thanks Man Just found the perfect present for our youngest. A Concord Eye Q will do just fine for the little one, Plus it has a Retro look. ===> MEA

[Mi6op]

Happy to help you w/ your shopping. Especially if it's buying Concord Cameras!

[stocks54]

Confused

I am holding LENS and not sure what to do? I am new investor and pretty much follow Strenz's posting. I know he sold his position. Do we expect any movement in price???

[stenzrob]

Re: Confused

I am holding LENS and not sure what to do? I am new investor and pretty much follow Strenz's posting. I know he sold his position. Do we expect any movement in price???

Always expect movement, it's only a matter of which direction! What do you think, stocks54? It doesn't matter if you're a new investor, you're still entitled to an opinion.

I got mixed signals on several fronts from LENS, which is why I bailed. There was a change in accounting method, which messed up their last statement. There was a large expense for stock options, but the reason the options expense was so high was because the stock was up significantly for the year. Revenue is way up, but it didn't translate well to the bottom line. So valuation-wise, the price/sales ratio is low given the revenue growth, but the P/E is very high given the lackluster net earnings. The forward PE is reasonable, but that's based on estimated EPS.

Looking at a 3 year weekly chart,
http://stockcharts.com/def/servlet/SC.web?c=lens,uu[h,a]waolyiay[df][pa9.2!c50!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G
it's right at the point where it broke through to a new multi-year high back in August. Normally, this level might be expected to provide some support, but the selling has been pretty consistent, with high volume, since it peaked at $14 just before that confusing and disappointing report.

This all adds up to it being really easy to be confused and uncertain. There are two times when I will sell - one if I'm sure I should sell, and the other is when I'm not sure if I should sell or not.

You know what finally put me over the edge on this one? The Chairman/Pres/CEO makes 3.28M in salary, plus gets a bunch of options. The top five execs make about $6M, equal to the net profit last year for the corporation. That's too much. Plus, institutional ownership is around 65%. I've done best with stocks I've bought when this is much lower. I would rather be in it before the institutions start buying, not before they start selling.

[stocks54]

Thanks

Strenz,

Thanks for explaning it. I guess I got my emotions involved with stock. Example when you buy stock you think it will apppreciate by certain %. when it does not due to any reason you keep holding it HOPPING it will go up. BUT as you explanied if uncertain it's time to make hard decision. I definately was little concerned about CEO salary...

As always thanks for your help.

Regards,