Cognitronics (AMEX: CGN) Message Board

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Technology Stocks : Cognitronics (AMEX: CGN)

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To: Neil Kalton who wrote (49)	8/13/1997 5:51:00 PM
From: Neil Kalton	of 142

The analyst covering CGN raised his estimates from $.75 to $.95 for the current fiscal year and from $1.10 to $1.25 for the next fiscal year. Hmmm... let's see, at $14/share CGN has a forward PE (if it meets estimates) of around 15. Considering the telcom equipment industry average PE is about 25, CGN still seems undervalued at current levels. I think once the market sorts itself out later on this month and once this round of profit-taking in CGN subsides the stock will resume its upward trend and settle into the low twenties. Also remember that 3Q comparisons with last year will be comparitively easy as CGN only earned $.04 in the year ago period. At $14/share weak hands are selling (at least that's what I'm telling myself). -nk

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