Superconductor Technologies, Inc. (NASDAQ:SCON)
The Company develops, manufactures and markets infrastructure products for wireless voice and data applications.
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Been following this stock since the 90"s. HTS wire business is finally the product that will make this business and stock viable for the long term. about 2 years away from producing sufficient quantities and lengths of wire for commercial sales and contracts. Worth the wait!
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Horrible company!
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This company burns cash to produce things that either aren't affordable or aren't in demand by its customers, else they simply don't price their products in accordance with their production cost. No matter, this isn't a company to own long term as they're net destroyers of wealth.
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Their second generation HTS wire passed the test.
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Technologies that increasing the efficiency of transmission lines creates huge savings over time.
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4G will drive the need for this technology
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This stock will go down once market movers move on. Garbage
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The scam is not in the company. The scam is in the trading. STI is a legitimate company with legitimate products and real customers like AT&T, Alltel, verizon, sprint, and others. Until recently their filter/amplifiers (no, they don't make cell phone components) for base stations were cost prohibitive for thier customers. The current leadership has taken the company in a new direction with a redeveloped business model and more streamlined operations that have reduced the cost to produce a quality, efficient product. Their persistence as a company will pay off.
Yes, the stock is way over it's head at this point, but this stock has been a favorite of short term traders since the mid 90's.
So, I have bought this stock many times since the late 90's and sold on news. But I have always held on to a portion of the shares because I really do believe this speculative stock will pay off long term.
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Got to be kidding me. Stock at $8.85 and -0.70 EPS(TTM)
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