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Non-Tech : SMARTFLEX ALSO MEMBER OF THE IOMG FAMILY

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To: Douglas V. Fant who wrote (271)7/15/1997 9:34:00 AM
From: Joe Dancy   of 558
 
Doug - SFLX's management must feel like a bleeding swimmer in shark infested waters. This industry is growing and consolidating continually with the larger players acquiring the small fry, in fact some may even call the consolidaton a "frenzy".

With the new facilities in place and the technical expertise, I don't expect to see this company independent at the current price much longer. I don't say that out of optimism - as long term holders we will do much better if the company survives and grows on it's own.

My financial screening factors turn up severly undervalued companies, and it has been amazing to me how many I've "lost" to someone in the industry who realizes the underpriced value and has bought that company out.

Numbers don't lie. As an independent company this entity is in big trouble. Just my opinion, and I have nothing to base this on other than my senses and the information publically disclosed, but you heard it here first. Takeout price will be $16-20 a share.

Best - Joe
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