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Technology Stocks : Intermagnetics (IMG)
IMG 0.192-2.5%3:59 PM EST

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To: ShamukE who wrote (3259)2/5/2000 7:40:00 PM
From: Tom Linzmeier  Read Replies (1) of 3448
 
I've also been in this stock a long time. Mark, you and I may have to wrestle off for the longest owner-ship title. Or is that Booby prize?

At one times sales this stock is still cheap by current market standards. That assumes this stock will be valued on it future potential in HTS products.

On current business, the stock is trading at about 25 times fiscal est. (mine) earnings of .45 a share. With a ten percent projected (by the company) sales growth rate, 15 percent projected earnings (by the company) growth rate, IMG is fairly valued.

It is my opinion that IMG will be valued as a market leader in HTS development. As such, it is my opinion that the valuations of IMG and AMSC will merge. AMSC has a market cap of about $400 million. Too high in my opinion, but not for most of the new wealth, no bear market experience, investors. If IMG were to trade at $400 million market cap. it's price per share would be $30.00 plus or minus a buck.

First things first, $15.00 sounds like a nice target!

T
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