Undervalued Stocks = Low P/E to Growth Ratios Message Board

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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: John Liu who wrote ()	9/7/1997 12:31:00 PM
From: Mason Barge	of 297

Here's a favorite of mine and I don't know why I haven't shared it earlier. Kaymar Tech, KTIC, manufactures specialty fasteners for automotive/aircraft industries. It went public at 14 1/2 in May and has about doubled. Last earnings report showed about .68 share (this is from memory) for 6 months, up almost 90% from 6 months in 1996. Annualized .68/share would put annual earnings at 1.36 for a PE of about 20 and thus a PEG of around .25. And at least pretty good growth seems possible in the future, due to acquisitions and expanding markets in Asia. One large downside is a punitive spread on the bid/ask (as high as 1.5 on a $27 stock). But my analysis shows a better valuation, conservatively, in the 35-38 range. This one has been a great performer for me and I think it should continue.

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