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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem

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To: robert b furman who wrote (1325)12/2/2004 10:08:17 AM
From: Christopher Brainard  Read Replies (1) of 1540
 
Sure, this stock could do $20 again. Silly waves of buying can easily take stocks like SBSE to fundamentally unsupportable levels. I just don't want my financial livelyhood to be DEPENDING on such a run!

When I first discovered SBSE back in 1996 I was hoping this company would become my own private Microsoft or Xerox. Sure I've made a ton of money TRADING it over the years, but my buy and hold position has suffered pretty poor overall results during this time period.

My current thinking is simply the realization SBSE is just another technolgy company in a very cyclular business. Fundamental long term growth in this industry is much slower than I would have ever figured. Any valuation over 10-15x earnings is a pure gift from the gods.

Chris
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