How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (13317)	10/10/2000 9:06:27 PM
From: Bridge Player	Read Replies (2) of 14162

Yes Herm, EFII is indeed a good value here at around 18. $8/share cash and short term investments on the balance sheet as of 6/30/00. No long term debt. A commanding position in their niche markets. Excellent gross margins, good management, announced a stock buyback when the stock was mid 20s. Earlier estimates for $2.00/share earnings in 2001. Down from 2000 high over 60 per share. New products in the pipeline. Stock has often sold in the past at 30-40 times earnings. I realize that this is a covered call writing board but IMO they are giving this stock away. I believe that it has been damaged by the weakness in Lexmark and HP, and general weakness in the PC market. But if you buy it, don't settle for small short term gains by writing calls. Do some DD on this company for sizeable long term gains. BP

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