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Technology Stocks : CFM Technologies Inc. (CFMT)

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To: Yiqun Xie who wrote (594)12/14/1999 3:11:00 PM
From: Pink Minion  Read Replies (2) of 721
 
CFMT was a momentum stock for its market potential

I disagree. They had 78 million in sales in 97 which was up from 44 million in 96. At ~4 times sales for high growth is cheap in this market. Their sales literally dropped off the face after the Asia collapse.

Unless someone can tell me their product is obsolete, I'm expecting 12-13 million in sales, slightly profitable, and a backlog above 20 million. If not, I'm out because there peers are rebounding.

If they can continue the rebound, $40 within a year is very reasonable. And for the cheerleaders out there, I'd say $80 at the height of the semi run (in about two years with 200 mill in sales).

MH
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