First Alert (ALRT) Message Board

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Technology Stocks : First Alert (ALRT)

ALRT 0.0300

-4.5%

Nov 7 4:00 PM EST

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To: David K. who wrote (39)	12/5/1997 9:26:00 AM
From: Richard Jurek	Read Replies (1) of 50

David -- good question. I have a call in to their IR. Will let you know what I hear. The UL release did say that this does not mean previously approved detectors will lose their UL listing. So we shall see. My main point with ALRT and why I have bought 5K shares and will increase on anything under 2 is: the company has a market cap now of about $50 mil, but annual sales (despite drops out of the $200 mil range) of about $150-$170 mil. That gives them a market cap of just 1/3 of annual sales -- dirt cheap in my book. They also have a book value in the 3's, so the $2 valuation is really out of whack. Cheers, R/

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