SME(svcdq) has it bottomed out yet? Or will it hit bottom? Message Board

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Non-Tech : SME(svcdq) has it bottomed out yet? Or will it hit bottom?

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To: christopher who wrote (14)	4/30/1997 8:40:00 AM
From: walt zweifel	of 305

Just some thoughts....I'm thinking more of SME as a fallen Angel type of situation...This company is indeed going through a painful restructuring...and it may never return to its 5 year high of 15 or so, but at a 50% discount to its industry I'm making a fair assupmtion that with some earnings it could get back to 7 or 8 or so. My limited experience tells me to sit back and wait... look at: dbc.com They have 2.86 cash ON HAND and their book value is over 4.00. Are they worth 2.75 to 3.00 a share now? Earnings and profits will drive the stock price... Comments welcome regards walt

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