SMARTFLEX ALSO MEMBER OF THE IOMG FAMILY Message Board

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Non-Tech : SMARTFLEX ALSO MEMBER OF THE IOMG FAMILY

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To: Douglas V. Fant who wrote (416)	8/16/1997 9:21:00 AM
From: Joe Dancy	of 558

Hi Doug. Sold my Columbia Heatlhcare today after Wall Street Journal article on how the company itself could be indicted. Just goes to show when you buy companies that are expanding as aggressively as they were that problems will arise. I figured as much when I got in and it was factored in the price - bought at $12 and sold today at $32 so have a good profit, and the cap gains tax will not hurt as much now <g>. In any event, I rolled most of the money into SFLX, it appears to be the cheapest of my "10 best" ideas now with the most potential. Put a limit order in for drug delivery company Ethical Holdings also but it did not fill - but even so SFLX has more longer term potential. As you note, once capacity begins to fill the earnings will flow through to the bottom line. SFLX is sort of like a lake. At 55% capacity the profits just trickle over the dam. Once it rains, i.e. the capacity is utilized a little bit better, any increase in the lake level will flow vigorously over the dam. That's my theory anyway. I never was very good at telling fish stories <g>. Joe

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