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Technology Stocks : Parlex Corporation(PRLX) Record earnings again.
PRLX 0.00010000.0%Aug 22 5:00 PM EST

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To: Douglas V. Fant who wrote (83)10/30/2000 5:21:54 PM
From: Bo-jest  Read Replies (1) of 92
 
Parlex seems to be another corporate victim of the recent irrational market hysteria in which fundamentals count for nothing. At least that's how it looks to me. Book value per share of almost half the price? PE below 10? gimme a break. By being honest but conservative (New England) in their reporting, Parlex is hammered in the market along with all the real losers, which they are not. Cooler heads will put a realistic PE on Parlex of at least 25 to 30 within a year, and they will run back up to 40+ again. And again. And again. I plan to make money each time it happens. (Just like the last time, in at 15 7/8, out at 35 7/8 in 3-1/2 months flat.)

BJ
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