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Technology Stocks : Elamex(ELAMF)
ELAMF 2.150-15.7%Mar 7 3:00 PM EST

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To: David Seltzer who wrote (100)9/28/1997 4:13:00 PM
From: Ron Bower   of 276
 
Paul,

It is definitely undervalued to the sector. I often compare it to METHB that I own. Never was a spectacular company, but they have gained about 20% annual over the last 20 years, from a $20M company and now close to $1B. (I'm not even sure what my position is on it with the splits. Don't keep it in my trading portfolio.) Elamex seems to have the same type of management - grow within capabilities and available cash. No games, and prepared to ride out poor economic periods. Teh kind of management I like in a long term stock.

I'm just in it heavier than I should be. Got caught up in re-buying at the 11.25 level.

Thanx again,
Ron
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