INVX Innovex Comdex Winner !! Message Board

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Technology Stocks : INVX Innovex Comdex Winner !!

INVX 22.07

+0.3%

Dec 26 3:59 PM EST

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To: Box-By-The-Riviera™ who wrote (1938)	12/23/1997 12:43:00 PM
From: John R Storey	Read Replies (1) of 3029

Actually I believe that no one will be buying lots of the stock anytime soon. Reasoning: (1) Dependencies on Japanese and Pacific Rim sales for profits is up. (2) Until the disk drive makers get going again, where is the Innovex revenue coming from? DD makers will need to recover and clear their distribution channels, then start ordering parts, and the quarter after that Innovex should see some money. (3) People are too short term oriented to realize that none of this will matter long term - it will all settle out. They will ignore facts like income per share is up 252% while a/r is only up 180%, cost of sales is only +192% and inventory is only up 130%! Way to run your company! (4) Management may see a record year in 1998, but they don't say how they see that, and due to (1) and (2) I don't see it myself. I anticipate a multi-quarter wait during which I will continue to buy shares from the "investment money" out of my paycheck. Hopefully Q498 I will start to see my rewards. Maybe not until 1999. Don't get me wrong - I love this company and am a major long. But I'm betting in terms of a year or more, not this quarter, next quarter.

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