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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 (49)	8/18/1997 4:47:00 PM
From: VALUESPEC	of 276

I called for information today on ELAMF @ 212-98-1702 and spoke to Maria Elena. She is mailing me an investor's package, including annual report, analyst reports, and a tape of the last conference call. You might want to get a tape of the conference call for yourself. I'm looking forward to hearing it. I also called the Alex Brown company and tried to speak to the analyst- no luck. However, they did confirm that the projected revenues for 1997 are $ 141 million dollars. Current % net profit margin (after taxes) is about 6.5%. Based on that ELAMF will earn $ 9.162 million net profit per share this year, or $ 1.23 per share. Since they already earned .52 so far, that means they should average .36 per share/quarter in earnings ($1.23-.52=$0.71/2=.36). However, Maria Elena said they expect profit margins to improve this year, so I think $ 1.23 could be exceeded. Next year Alex Brown estimated $ 169 mil in reves. Alex Brown estimates $ 1.11 this year in earnings for this year, but I think that is low since that is less then a net profit of 6.5%. I think I like ELAMF. I will reserve final judgement until after I hear the tape of the conference call.

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