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Technology Stocks : Safeguard Scientifics SFE
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To: michael r potter who wrote (3239)7/21/1999 1:03:00 AM
From: michael r potter  Read Replies (1) of 4467
 
With around 25M sh. of CMPC, there is quite a bit of leverage for SFEs NAV if CMPC can do well over the next year or two. [If the market cap of CMPC merely goes from $250M to a still small $500M, it would add almost $4 to SFEs NAV]. The momentum seems to be shifting for the better. CMPCs CEO Anderson resigned, profits were $.05 per sh. and Harry Walessa from SFE is going over there at least for awhile, Tom Lynch [formerly SFE] has expanded duties. Looks like SFE is quite serious about getting a decent return on this investment and their purchase of additional shares in June indicate they are quite committed. Technically, CMPC looks pretty good, and if it breaks above around $5 7/8-$6 would indicate considerably higher. It looks like CMPC will contribute to SFE going forward vs. the drag to NAV that has been the case. If the recent resurgence in small caps continues after a multi-year lull, that would also help. Mike
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