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Technology Stocks : Elamex(ELAMF)
ELAMF 2.150-15.7%Mar 7 3:00 PM EST
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To: Mike Massey who wrote (128)10/28/1997 5:20:00 AM
From: VALUESPEC  Read Replies (2) of 276
 
ELAMF has Asian risk indirectly through the companies that hire ELAMF to do manufacturing for them. Those companies, i.e. Polaroid, sell to Asia.

However, as someone said, the Peso dropped to about 7.9 Pesos to the US dollar and that is good news for ELAMF stockholders since ELAMF is paid in US dollars but its expenses (like payroll and utilities) are the Peso.
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