#CBM Loss
One of the most basic reasons that Commodore stock is so volatile is the
fact that it is a U.S. based company with over 60% of sales registered in
foreign currency's. Since it is nearly impossible to predict exchange
rates for when the currecny will be translated it is also then very
difficult to predict earnings with any accuracy. WALL STREE HATES
INACCURATE VOLATILE EARNINGS! So the stock bounces around like a Yo-Yo.
Currency hegdging transactions, are by the way, mostly a 'zero sum game,'
meaning that if you are good at it, over time you will break even. It does
even the earnings out a little, but this time it did contribute to the 21mm
loss. I follow Commodore, along with other technology issues, for the bank
I work at. (I am an equity analyst.) I think that Commodorer, with a low
p/e of around 8, and an estimated growth rate of 10-15% (I think that's
what it was last time I checked) seems pretty reasonable, but it is highly
volatile, and you must be willing to get out in short notice. My opinion
any way. Gary.