Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

PRST 0.0001000

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Sep 29 10:16 AM EST

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To: NEIL MACK who wrote (2803)	5/15/1997 9:59:00 AM
From: James C. Shircliff	of 11098

<<Presstek has recently hired Efrem Lieber as Director of Sales and Marketing.>> Neil, why did the former director of marketing quit? Neil, let me again commend you for your excellent research. It is exactly what I look for when making investment decisions. But again, you must admit that your story would be no different if there were 2 or 200 million shares outstanding. You would still say all the same positive things. I would be jumping all over it on the long side if there were two million shares and I would mortgage my parents' house (along with all my mortgaged assets) to buy puts on the stock if there were 200 million shares out. Valuation matters. Right now, if PRST grows its earnings at a compounded annual rate of 25% for NINE YEARS, and if it sells at a mkt multiple at the end of those nine years, it will be where it is today!!! I am not willing to bet heavily that there will be no competition or NEW technology from the other 28 better financed competitors within that time frame. Cheers (You want one of my Mountocriscos?) Jim

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