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Non-Tech : Lunn Industries (LUNN)
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To: Fred Seitel who wrote (1289)10/15/1997 6:29:00 AM
From: Ryvers   of 1436
 
Fred,

Haven't gotten my prospectus (the mail in Richmond stinks) so I'm responding off-the-cuff. While price to book is an important measure for any company, I don't know that it carries as much weight with small, fast-growing aerospace/technology companies (admittedly low-tech manufacturing) as do earnings and earnings momentum. That's where I think that the combined eps is a better guage mof valuation. And with projected EPS for 1997 at .94-1.00+, current levels look cheap.

Ryvers
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