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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: Stephen J. Eisenreich who wrote (2)7/10/1997 8:10:00 PM
From: Ken G.   of 92
 
Steve:

I agree that PRLX looks good from here.

Running some numbers with 6/98 est. @ $.73 and 6/97 @ $.54 with ttm earnings at $.49. I estimate earnings growth @ 122% annualized that gives us a real nice P/E to growth ratio (something like .3).

Also momentum and relativ strength are on our side.

I'm not quite sure what you mean by "The news out of Parlex is that he is cleaned up and when Adam-Harkness pulled their offer this morning the stock began it's ride up."

Do you mean by cleaned up, that the insider has stopped selling? Do you know why he was selling his shares, if other than some profit taking?
Did Adams-Harkness change their reccomendation on PRLX recently?

Good seeing you on the string again.

Ken
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