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Technology Stocks : Elamex(ELAMF)
ELAMF 2.150-15.7%Mar 7 3:00 PM EST

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To: Ron Bower who wrote (5)7/28/1997 8:47:00 AM
From: Robert E. Hoffman   of 276
 
Dave, thanks for starting this thread. I have been tracking (and buying) ELAMF since last Sept. when I got interested in ECMs. It seems to me that the company is fundamentally sound and has a good mix of customers. They do have some operations which are not ECM, but these are relatively small.

I think the Mexico discount the market has placed on this stock is excessive, and perhaps completely undeserved. Their auditors after all are GMPG Peat Marwick out of the El Paso office. People have gotten burned on direct foreign investmets, but lots of people have gotten burned on direct USA investments, too.

I am sure we are all looking forward to today's report. Good luck to all!

Bob
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