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Technology Stocks : Equinox Systems (EQNX)
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To: Scott H. Davis who wrote (312)3/11/1998 7:00:00 PM
From: Rob S.  Read Replies (1) of 765
 
Thanks for the reminder of the Vector Vest link.

EQNX showed good trading action today after the run up yesterday - considering this is a low key type of stock.

It's good to see that not many investors are looking at the run up as a reason to sell. This is one of those stocks that I scratch my head on in wonder about why it isn't valued at a higher price. I guess I should consider myself lucky to have found it before it is fully valued rather than after. The only question about the "market dynamics" of the EQNX is what is likely to change so that investors value it more in line with other stocks? My general thinking is that many of the small to mid caps have a lot of catching up to do and that this will occur by the end of the year. Some "expert market analysts" have been quoted as saying that '98 will be another "year of the small caps", but, of course, we have heard a similar story before and it has oftened failed to happen.

I think EQNX could be valued based on the PEG number or about 30x '99 earnings of $1.30 or $39. That may prove to be a conservative number because uncounted for growth is likely. For the short term, with my limited exposure to this stock, I'd guess it is headed toward the low to mid 20s.
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