Presstek -- Stock of the Decade?? Message Board

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

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Sep 29 10:16 AM EST

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To: Ravi Durairaj who wrote (607)	7/1/1996 6:36:00 PM
From: J P Cross	of 11098

This stock defies common sense. Any other stock with a PE in excess of 200 and a fraction of the negative news Presstek has sustained would have tanked. I wouldn't touch this stock unless the PE was in the 50 range. Estimates and promises can be just that. The technology is beyond a comfortable comprehension for me to justify the price. Neil Mack makes a good case for his optimism with future sales figures and all but I am very cautious about the wonders of this technology. Is Presstek really all that the longs say it is?? I've been burned before by ignoring the downside. Presstek has plenty from my rear view mirror. It's that vision I'm having a problem with. High risks = high rewards or high losses. This is still a very high risky play. Revenues are weak and the press has been merciless. Stay tuned, July 21st will be another interesting earnings announcement. Please, no revisions of the financial statements this time. Regards, JP Cross

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