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Microcap & Penny Stocks : FRSH
FRSH 10.96-1.0%2:27 PM EST
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To: P. Ramamoorthy who wrote (260)9/23/1997 3:02:00 PM
From: Richard Mazzarella   of 531
 
PR, it's better to remain conservative with a P/E of 10 forward earnings UNLESS there is increasing sales (revs) to support a higher P/E model. Also, Fresh Juice has demonstrated growth through acquisition in the past, I would expect that pattern for success to continue, but nothing is certain. FRSH is still an excellent buy at these low prices IMO, I'm still buying. It may not be a 10 bagger in the short term, but it's certainly a short term (<1 yr.) double and is low risk. Not a bad investment in this overpriced market.
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