INVX Innovex Comdex Winner !! Message Board

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Technology Stocks : INVX Innovex Comdex Winner !!

INVX 22.78

+4.2%

Jan 2 9:30 AM EST

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To: Box-By-The-Riviera™ who wrote (1924)	12/19/1997 5:03:00 PM
From: waverider	of 3029

Joel, all. I've been gone from this thread for quite some time. I posted here that we would never see a price under $28 or something like that. When I saw it I got the hell out. That said the fundamentals remain the same and the company is still very well run. However, the market could care less for such logic and will never value Innovex anywhere near the PE it deserves. Like it or not, Innovex is in a cyclical industry and will always sport a low PE. No amount of pounding on the table will change that. I've always been a bull on this company because of Haley and the company's track record, but you can't fight the tape. In hindsight all stock decisions change, but long term investing always pays off if the fundamentals check out. They do in this case. Look at the weekly chart for the past 4 years. It's just that you've got to do some market timing to play cyclicals. This ain't no Merck or Intel. Good luck all. I hope to pick up some more Innovex after this industry starts to turn around. Diamond H

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