SUMMA INDUSTRIES (SUMX) PLASTIC! The Future? Message Board

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Non-Tech : SUMMA INDUSTRIES (SUMX) PLASTIC! The Future?

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To: Arthur Radley who wrote (101)	1/3/2000 9:57:00 PM
From: Wade	Read Replies (1) of 148

Hi Dude, It has been a while since I sold SUMX when the TA indicators showed selling pressure. However, I bought it back at 11 1/2 today after I looked it all over again. This company is definitely worth for a long-term holding. Looks like their strategy is to keep on acquiring companies to reach a critical mass in order to get attention from the funds. Internal growth is too slow to reach that stage. Therefore, I have to say that this is the right step to improve shareholder's value. What we need is patience. This is not an internet or biotech stock. SUMA is a solid meat-and-potato company. Good luck. I just could not under stand the reason why it got such low PE valuation. Take care. Sincerely, Wade

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