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Technology Stocks : Cornerstone Imaging (CRNR)

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To: RON FARRELL who wrote (147)4/16/1997 1:31:00 PM
From: Mark A. Stang   of 430
 
Ron: Your comments are insightful and well-tempered.

I am one of those relatively new Cornerstone investors, in at a blended basis just below 7.

I am not much of a TA analyst, but looking at historical monthly graphs I see that Cornerstone was very volatile before the 1996 collapse. It has been a relative paragon of stability since, except for these little surges after the last three earnings reports.

I think we will see steady growth in the price, but won't guess how much, for the rest of the year. Once Cornerstone has four trailing quarters of positive earnings, I think the low P/E will begin to attract interest. We might also see some takeover attempts.

For me, the bottom line is that Cornerstone's fundamentals are so strong, I sleep better at night holding this stock than many others I have held and still hold. It's just a matter of time, and in this market there are not many other attractive opportunities.
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