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Technology Stocks : Tower Semiconductor

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To: Gary Ku who wrote (550)	12/5/1997 2:13:00 PM
From: virgil vancleave	Read Replies (4) of 1853

kind of hard to believe that we are trading at 10 here. book value is over 12 and company has cash of $5.5 per share. debt to equity ratio below 0.1 and price to sales ratio around 1.2 not adjusting for the cash position. this to me says undervalue. we should be at a minimum of 16 and that would still be a discount. this company is not going broke, is still profitable and looks to continue to be profitable. much lower and we will be trading at cash levels. also checked edgar and insiders have not been selling. with these facts, i think people should be buying here. but no, they would rather buy companies like altera which is so overvalued that it has nowhere to go but down. btw, iam not short altr but considering it strongly. hope this helps and good luck. just had to add a little more info. looks like the company went public at 14 or so, well above where we are now. has not ever been unprofitable (says something about management there) and technically there is very strong support at 10 to 12. recently and in the past. question.... will the january affect help this one? i think so.

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