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Strategies & Market Trends : Value Investing

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To: Allen Furlan who wrote (8901)	11/6/1999 7:27:00 PM
From: Paul Senior	Read Replies (1) of 78611

Allen, sigh, yes ELAMF. A big disappointment to all of us (I would guess) who've looked, bought, and held. And I'm in there too with a full position. I surely thought with the contract manufacturing boom, and it's so explosive it seems - that a contract manufacturer in Mexico, one of the largest employers in Mexico, involved in business relationships with GE, would participate. Certainly not experience declining sales. Stock is selling about $3 1/2. You call the min value at about .8xbook or about $7/sh. (I'm using Yahoo bv number.) I'm figuring about .7 book or a bit under $6/sh. If they could up their profit margin and ROE, I'd upgrade my estimate. I was surprised once before how quickly this stock moved. If I recall correctly it once went from 7 to 11 or more in about 2 or 3 days (with no published info or rumors). I wouldn't be surprised to see the same thing happen again - a doubling to 7 in just a couple of trading sessions. Now if we could just get to those sessions -g-. Paul

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