AUTO - good valued co.in recession free industry Message Board

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Microcap & Penny Stocks : AUTO - good valued co.in recession free industry

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To: Jeff Lee who wrote (29)	10/9/1997 11:24:00 AM
From: TC	of 205

Hmm, earnings revised downward from .35 to .24. That would mean we are at about 5.8 times earnings as of now. In my opinion, ten to twelve times is conservatively fair...$2.40 to $2.88, which is about a double. I am still positive on this one. I waited to buy until it came down to below $1.50, so i have only been in a very short time. I always have to expect some more drop after i buy, or else I would be a genuis if I could pick the exact bottoms, but I am happy with my purchase, and will look for higher prices very soon, according to my charts! All my opinion! Tom

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