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Technology Stocks : Oak Technology (OAKT)

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To: AreWeThereYet who wrote (3689)12/3/1997 12:08:00 PM
From: WTSherman  Read Replies (2) of 4335
 
OAKT is getting to the point that it becomes an impossible to resist buy...anything below $7 is hard to pass up. With +$3 in cash, a pretty reasonable profit expectation and a whole slew of different engineering projects it wouldn't take much to jump the stock up to the $10-12 area and there is almost no downside below $7. If you discount the cash and the interest on the cash, the PE from operations is probably somewhere around 8 if the stock is $7($4 stock with $.50 earnings from operations).
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