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Technology Stocks : HS - CHS Electronics

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To: ArnieC who wrote (276)11/29/1997 2:02:00 PM
From: Ron Kline  Read Replies (1) of 1494
 
I do think that CHSE stock has faltered in the last couple of months but if you notice when it got down to the 17 range CHSE moved very quickly on very high volume. I think there are many large investors who are buying this company, but they are taking advantage of the dips in the stock price. There is really nothing that has changed the environment for CHS. The fact is that Latin America is only a small percentage of their sales, and China is nil. Europe is the largest percentage of their business, and from all accounts is still a very strong market. I think that after people see that their next earnings report comes in strong, momentum will return to the stock. Since there are still unknowns out there with regards to the stock you have a chance to buy a very good prices. And with a PE that is way below their expected growth rate, I see little risk to those who can sit a little and let the story unfold.
Ron
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