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Technology Stocks : JMAR Technologies(JMAR)

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To: brent gephart who wrote (3634)10/24/1997 8:17:00 AM
From: JEFFREY R. WILLS  Read Replies (2) of 9695
 
Many favorable developments for today. First, calm has spread thru the Hong Kong and Japanese markets and SP futures up substantially. Probably won't gain all we lost today, but should pick up a third or half.
Some facts here to quander: JMAR's outstanding shares have been reduced 4.2 percent. Market capitalization reduced by over 3 million and price earnings ratio has been reduced from 52 to about 33. Stock is trading at less than 21 times 1998 forecasted earnings and about and about 1.5 times 1998 sales. Based on 30 times 1998 earnings, JMAR should be at 7.00 by the end of the year to reflect the financial fundamentals for 1998. 1999, I have not seen any current estimates, however if JMAR can earn around 45-60c in 1999 then the stock could easily hit 20 by the end of the 1998.
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