Park Electro (PKE) - Why tanked 7 points? Message Board

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Technology Stocks : Park Electro (PKE) - Why tanked 7 points?

PKE 19.51

-0.7%

Nov 12 3:59 PM EST

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To: rich evans who wrote (42)	9/25/1997 11:03:00 AM
From: rich evans	of 57

Creditman, PKE reported as you are aware I am sure. A nickle under estimates of 42 cents versus 47 cents. I am hanging in there . The PCB business is growing. The IBM announcement with the potential for a system on a chip which we discussed some time ago on the ECM thread shouldn't impact the amount of board realestate I think based on all the expanding uses and increased layer count. The stock therefore should rebound as well as the business in the third quarter IMO. Also at less than a 1 forward PSR and PE of about 13.5 this stock seems like a safe holding for a steady 15% a year minimum. As the leading board supplier it seems like a safer place than out on the cutting edge. I also bought WFR which supplies wafer for the same reasons. Supply and demand are supposed to be in balance according to "experts" by 6/98 with gross margins increasing to 24% thereafter and demand accelerating. Richl

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