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Non-Tech : Engineered Support Systems (EASI): 10x in 4yrs

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To: jbe who wrote (22)9/21/1997 10:05:00 PM
From: Uncompaghre   of 38
 
jbe

That's not only a mouthful, but two side orders of fries and a piece of cherry pie (a la mode) for dessert!

EASI is a member of the Aerospace/Defense Equip. sub-industry of the Defense industry. Currently, 'Investor's Business Daily' places this group at number 20 on their list of 200. I'd recommend, jbe, the StockSmart site at www.stocksmart.com to get your industry and sector info. They are very accurate and if they don't know what industry a co. belongs in, they ask for someone from IR to call--admitting their ignorance right there in front of god and the rest of us.

Profit margins are low, but the whole industry (Defense) is low at 4.88% (EASI @ 4.80%).

The big new item that EASI is developing for defense is a portable hospital to be used by the military in places of nuclear and/or chemical contamination. They've developed portable, quick set-up latrines for the army as well as a host of other items. The plastics arm of the co. makes a proprietary plastic faucet for commercial and residential use (although not a big producer in the past, this company has improving margins and, with all the new construction going on, this might very favorably impact the bottom line this quarter--and year)

Call the folks at IR. They have a nice packet of information for investors that they send out.

Hang in there, the float is so small on this one, now that the below par valuation on an above par co. is becoming general knowledge, there will be wild swings from time to time in price. Increases in value on low volume days is a positive sign as is the stubborness of the security to slip below the various price supports.

I look for 27$ a share before too long. Fair valuation would be 33.
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