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Technology Stocks : Supertex (SUPX) - Does anyone follow?
SUPX 46.30+1.6%Nov 18 3:59 PM EST

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To: Clay Enos who wrote (256)6/26/1997 6:19:00 AM
From: marquis103   of 392
 
There have been two analysts for a couple of weeks now, but I don't know who they are. As far as how low will the stock go, I think we're all wondering the same thing. We know the market is ignoring small caps in a big way and seems to be only willing to apply a 15 PE to them from what I can see. The stock seemed to tumble from its brief run-up when analysts lowered the '98 estimates from about .93 to .83 a while back. In many investors minds that put the value in the mid-12's. That downgrade in earnings has made people skittish (myself included), and they might be afraid of more downgrades to come. We need SUPX to post increasing earnings to gain back confidence. I just checked the WSJ Briefing Book on SUPX and saw that the eps from 9/95 through 9/96 increased .02 per share per quarter to a high of .22. Then, of course, came the .12 in 12/96. Despite the .17 in 3/97, investors want SUPX to prove they will be in a continuing upward curve once more.

Russ.
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