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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: VALUESPEC who wrote (48)	8/18/1997 9:37:00 AM
From: VALUESPEC	of 276

Someone said that the company said they will do $ 147 mil in 1997. If that is true, that means the company should earn about $ 1.29/share in 1997. Since the company made .23 and .29, respecitvely, in the 1 and 2nd Q, that means the company still should earn .77 total for the remaining two quarters. That means they will average .38 per quarter. That would be impressive. I may call the company to see if they are still expecting $ 147 mil in 1997. If so, I would say this stock is almost a no-brainer for making money. $ 15- $ 20 would seem reasonable as .38X4=$1.52 and $ 1.52 X 12= $ 18.24 for conservative forward-looking earnings. With that type of earnings momentum, and with the first Q 1998 expected to be busy, I would be surprised if they could not meet a price target of $ 15- $ 20 in the next six months.

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