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Technology Stocks : Elamex(ELAMF)
ELAMF 2.5500.0%Oct 31 9:30 AM EDT

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To: rich evans who wrote (271)3/31/2000 11:23:00 AM
From: Paul Senior  Read Replies (1) of 276
 
Adding to my ELAM position today. Stock price seems too low relative to assets after sale to PLXS.

Some negatives though are (imo, and I defer to those who know ELAM better): getting out of attractive/popular ECM biz. for more mundane metal bending; having fortunes tied to PLEX whose stock ELAM will acquire from the sale; having fortunes tied to ELAM mgmt- they now have money(stock) to put to use - can they do it successfully?

Current stock price (5-6)discounts much of those negatives, imo.

Although, I've been wrong many, many times before.

Paul Senior
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