OPTEK TECHNOLOGY (OPTT) Message Board

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Technology Stocks : OPTEK TECHNOLOGY (OPTT)

OPTT 0.405

-1.2%

3:59 PM EST

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To: Jim H who wrote (2)	3/18/1997 2:06:00 PM
From: STEVE HARRELL	of 30

Jim H, Welcome to the thread! I was hoping to find someone to start corresponding with. Yes, the fundamentals of this company are outstanding. Most strikingly, they have used operating cash flow to pay off a large loan needed to get the company out of trouble back in the early 90's. They appear very disciplined, have a good steady business due to some long term automotive and office products contracts, and dominate the North American and European markets in optical sensors. What is hurting them currently (and many others) is that small caps are very out of favor and money seems to be moving away from this sector on a daily basis. There is plenty of support for Optek at its current price range, so their downside appears minimal but with the market the way it is right now, I don't expect much upward movement for awhile. FYI, they recently hired an investor relations company to talk them up to the financial world. This could have a positive impact one day. Yes, I sucked up the big spread and bought in a $13 some time ago. The stock is thinly traded and I assume that's what drives the big spread. This will change if volume picks up. Good luck. Steve

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