Elamex(ELAMF) Message Board

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Technology Stocks : Elamex(ELAMF)

ELAMF 2.550

0.0%

Oct 31 9:30 AM EDT

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To: Ron Bower who wrote (261)	7/31/1999 11:23:00 AM
From: David Seltzer	Read Replies (1) of 276

Ron, The sale of Optimag will increase eps by $.06 per qtr as well as increasing cash flow in the qtr when the sale actually occurs.I think that the profits from minority interest refer to a firearms subsidiary.The GE joint venture(Qualcore) is in the initial stages of gearing-up and I suspect that its contribution to profits is small. I guessed that the company would lose money in the current qtr.I was pleasantly surprised. The company seems to be at an inflection point(trending up).The lack of liquidity(Accel owns 55% of the company) is hurting the stock price,but I feel that the company is trying to solve this problem.Compare Elamf to sflx,sgma,csyi,aflx,merx,pgtz and I think you would conclude that Elamf is undervalued. I think that eps for 2000 could hit $1.00 if the sale of Optimag occurs in 1999. Keep in mind these are my opinions. David

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