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Technology Stocks : RESR-- Is it the most undervalued stock in the market?

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To: jbe who wrote (9)11/13/1997 7:57:00 PM
From: stockvalinvestor   of 35
 
jbe-- I asked the company the questions that you posted in reply #9 and here is their response.

The operating margins are ahead of prior year. Please refer to our 3rd quarter 10Q report (period ended 6/30/97) for more information about operating margins. This is available at:
sec.gov
Click on "Edgar database"
Click on Search Edgar Archives
Type in Research Inc.

I need clarification on your cash flow question regarding "negative free cash flow". However please be aware that on May 28, 1997 Research Inc. repurchased 237,519 shares of it's stock (approximately 20%) at a price of $6.45 per share.

Richard L. Grose
Treasurer
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