MYT - Mytec Technologies Message Board

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Gold/Mining/Energy : MYT - Mytec Technologies

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To: stevie who wrote (756)	12/14/1997 6:26:00 PM
From: Steve Johnston	Read Replies (1) of 1535

I'm afraid that $8-12 per share is pure wishful thinking. Based upon their existing Touchstone business, MYT (at $1.50 per share) is trading at about 65X twelve month trailing earnings. We will just have to hope that they still have enough new contracts and new products in store to quickly ramp up revenues and earnings, without having to raise new financing. If not, MYT will drop to a more reasonable level of probably 30X earnings, at which point we own a penny share. The only good news I see at this stage is a relatively strong cash position and the fact that the Management has changed.. Regards.

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