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Technology Stocks : INVX Innovex Comdex Winner !!
INVX 25.36+5.2%3:59 PM EST

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To: SAMUEL M. ADMASU who wrote (1834)12/8/1997 5:07:00 PM
From: Dan Woodbury  Read Replies (1) of 3029
 
I wouldn't be so pessimistic Samuel. Let's say that Innovex has an EPS of $1.05 in the next 2 quarters ($.50 + $.55) and then $1.30 ($.65 + $.65) in the last 2 quarters of the fiscal year. Overall year to year growth would be negative but the trend would be up.

Innovex would have more cash under its belt and most likely would be a year further along in what has been a very succesful business plan.

I am fully confident that INVX will reach $32 in the next 6 months and hopeful that the stock will hit $40 by the end of next year. INVX will hold above $40 as soon as it starts generating substantial revenues from its electronics and medical divisions. Until that happens the stock may be stuck with a P/E of 10.
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