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Technology Stocks : edusoft (EDUSF)

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To: Boris Maleshev who wrote (110)10/12/1997 11:46:00 PM
From: Frank Gasker   of 272
 
I had been posting on AOL during summer months until interest seemed to dry up. In spite of the remarkable q2 report there was no other postings. The low float limits shareholders to some extent. Throw in that it's foreign and you get an undervalued company that does lact investor awareness as you stated. An on going problem that continues-- numerous internet websites provide investors with current information (It's been terrific for the individual investor) but many micro and especially foreign securities information is lagging. Numerous sites continue to use 1996 earnings for EDUSF in there ratio calculations. Electronic fillings via Edgar for 10k's are also lacking .

A lot of micro cap companies have been doing well including EDUSF. There is no fundimental reason why they should not continue to improve revenues and earnings. Many of the tiger countries have devalued currencies, a problem that plaqued Edusoft in latin America, but the exposure at this time in these countries remains negligable.

It's getting tough to locate value in the micro's compared to 1996 and early 97.
for what it's worth have taken a signifacant position(but not at the expense of EDUSF which I have increased in the dip) in a rather small capitalized company that appears to be poised for growth. The company is Waters Instruments NASDQ (WTRS). Due to it's limited size and small float it's doubtful that Wtrs could support a folder of it's own. Understanding that this area should be for Edusoft information, I beg forgiveness but post anyway.

WTRS
shares outstanding 1.47 mil only
float .8 mil
1997 earnings ending june 97 .45/share
trailing PE 14
revenues 14 mil.
price to book 1.7
current ratio 3.5/1
quote 6 5/8 bid; 6 7/8 ask

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