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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: TokyoMex who wrote (7453)	12/18/1997 1:06:00 PM
From: M. Frank Greiffenstein	Read Replies (1) of 31646

Have to agree with SKeptic... I agree that the "story" is discounted into stock price. I simply do not agree that $6.00 give or take 50 cents is fair price for the core business. Like Geggs said, Wall Street does not value pure service firms as highly, so a multiple of two times sales would be considered more reasonable for a stable company. TPRO is priced around 3.3 times sales (assumming shares of 24 million). TPRO would probably be fairly priced around $4. I think the "story" is worth mroe than $1.50 a share, but like Flick says, the market looks at things enirely different than TPRO longs. Too much "weight" out there. Anyway, I think we have to suffer along with the rest of the micro-caps until early January. It will take some time for Emerald report to sink in. Emerald has a good history with y2k stocks, with SEEC and MAST (and Zitel sort of). DocStoneHave to agree with SKeptic... I agree that the "story" is discounted into stock price. I simply do not agree that $6.00 give or take 50 cents is fair price for the core business. Like Geggs said, Wall Street does not value pure service firms as highly, so a multiple of two times sales would be considered more reasonable for a stable company. TPRO is priced around 3.3 times sales (assumming shares of 24 million). TPRO would probably be fairly priced around $4. I think the "story" is worth mroe than $1.50 a share, but like Flick says, the market looks at things enirely different than TPRO longs. Too much "weight" out there. Anyway, I think we have to suffer along with the rest of the micro-caps until early January. It will take some time for Emerald report to sink in. Emerald has a good history with y2k stocks, with SEEC and MAST (and Zitel sort of). DocStone

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