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Strategies & Market Trends : 50% Gains Investing

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To: JSB who wrote (8688)	7/13/1999 3:47:00 AM
From: Dale Baker	Read Replies (2) of 118717

Remember this snippet from one of my TigerInvestor columns? "Laser Pacific (LPAC) is another unpredictable play. LPAC works in the movie industry doing special effects, editing, etc. Their profits depend on the film industry in general. LPAC's quarterly earnings the past two years have been all over the place – up, down, up again, sideways and so on. They also sold off unprofitable ventures, further clouding their results. Even though LPAC is a cool company slated to grow at 20% per year with .55 earnings in FY2000, it trades at half the $11 – 12 price you would expect. The numbers say it's a good buy at $6 but don't bet the ranch. Another bad quarter and LPAC could nosedive under $5 again – or good news could take it over $10 where it belongs. I still hold half the shares I bought at 4 ½."

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