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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 (12)8/1/1997 10:36:00 PM
From: j rector   of 276
 
I have been suprised at ELAMF's recent action. Maybe some people
were expecting NTAIF type earnings. Seems like growth in the
10% range w/out peso devaluation (probable w/in 1 year) is
stable. Should be selling at a foward PE of 8-10 IMHO. Currently
selling at a foward PE (if you believe $1.35 estimates) of about 7.
To be reasonably valued should have 10-35% upside near term.
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