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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Joe Antol who wrote (5279)11/26/1996 8:19:00 PM
From: Eric Hall   of 42771
 
This is not a short-term play stock. It is a classic long-term investment.

It is still a buying opportunity. When they get back to 2+ billion in annual revenues the stock will be well over $20 per share. The extremely sound fiscal shape the company is in now (higher profits on less revenue fergodsake!) means that the value of the company (and therefore the stock) will be a great return on anything you buy now. It will take a year or so, but they have begun the up-trend, and it is a "sure thing."

There are very few opportunities for doubling your money. This is one of them. But, not anytime soon, and definitely not 12/96. 12/97 yeah sure no problem.
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