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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (22059)	9/14/2005 1:14:54 PM
From: Lazarus	Read Replies (2) of 78673

Paul, i just added some EACI this a.m. by all value measures i know --- its a give away here. the only question is whether its true value will EVER be reflected and if anybody else will EVER care. EAC industries filed to deregister their shares back in 2000 and around that time sold off their printing business and had about 900k in cash which translated to around 28 cents per share. at the time the stock traded in the 7 to 10 cent range with a brief spike to around 20 cents. since then the company bought the assets of Compton Presentation Systems --- a long established company that went into BK due to inept second generation management: comptonline.com i was told that last year the company did around 3 million in business and squeeked out a little profit (around 40k). when the CEO told me this he made it sound like that is nothing to brag about --- but since so many of these little companies are losing money --- i think a profit of 40k is outstanding - esp when the company has less than 3 millions shares of stock. since the share structure hasnt changed since the deregistration the company still has only 2,892,819 shares OS which gives it a market cap 86,785.00 at my 3 cent buys. to me -- that seems cheap. am i wrong. is there anything here besides the psychic satisfaction of owning on the cheap? with a bid of 1 or 2 pennies i MAY NEVER GET OUT! anyway --- more info on the company can be found here : pinksheets.com Lazarus

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