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Microcap & Penny Stocks : Orbit International (ORBT)
ORBT 4.600+12.2%Nov 7 9:30 AM EST

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To: Don Metzger who wrote (2)5/21/1997 10:10:00 PM
From: Bill Driscoll   of 20
 
ORBT continues to demonstrate that it has made the right decision having abandoned the apparel business and focused on its defense & commercial electronics business. 1st qtr results were $0.06 per share vs a loss of ($0.01) adjusted for non-recuring items; sales rose to $4.0 million from $2.9 million. Management stated in the press release that product delivery schedules will improve future quarter results. I think $0.35 to $0.40 per share is plausible for 1997, indicating that this stock trade with a P/E of only 5!!
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