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Technology Stocks : Presstek -- Stock of the Decade??
PRST 0.00010000.0%Sep 29 10:16 AM EST

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To: David Pace who wrote (1086)8/12/1996 12:57:00 PM
From: James C. Shircliff   of 11098
 
"Great company with a great product"
"Not surprisingly, the stock is up today"

David, maybe this product will be great, but do you buy at any price? The market cap is about ONE BILLION DOLLARS! This stock has $2 per shr of earnings priced in it right now! What is your estimate for 1996 and 1997? If PRST earns another dime in the 3Q the stock will nosedive! (Maybe from $70) Anyhow the stock is up today because someone? wanted to buy stock through Fidelity mysteriously after the market popped down 24 points this AM. Now there's a seller at 60. Hmmm. Anyway, since this new PRST story has been going around, the stock has gained over $100 mil in mkt cap, enough to discount several years growth. Keep buying at any price, it's a great company!

Jim
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