Carole, yesterday you mentioned a stock that DC was touting. I just received the following e-mail regarding DC and his operation. Though that I'd share it:
Hi. Dave Cook asked me to help him catch up on responses from many people
for information about the DC Express Stock Newsletter. Most have asked for
information on how we pick the stocks, or an update on one of the picks,
and a copy of a recent email notice, so I am providing some background for
you, along with the November monthly update. This should give you a good
idea of the effort and detail that goes into the stock research for Dave's
picks.
The DC Express Newsletter was created by David Cook as a means for
making the stock research he did for his own portfolio available to
others who had an interest in small and micro cap stock investing.
Dave's experience with investing began as a cadet at the U.S. Military
Academy at West Point, and has continued since his graduation and
commissioning as an Army officer in 1984. Dave earned an MBA from The
Ohio State University in 1994 where he majored in finance. In January
1995, he started the DC Express Portfolio - using real money, not a
simulation - with just under $19,000. In less than three years, using
margin and taking calculated risks, he has managed the portfolio to a
value of over $1.37 million.
Jeff Tensfeldt began working as an associate with Dave in 1997. He is a
1977 West Point graduate, and has earned advanced degrees, including an
MBA, from the University of Arizona and the Florida Institute of
Technology. Jeff started stock investing in 1994 and manages a personal
portfolio of $.5 million. Together they uncover the nuggets and
electronically provide the investment research information quickly to
newsletter subscribers.
***************************************
Last year, the DC Express recommended 22 stocks. We closed last year up
over 300% after a 500% plus gain the previous year. Our goal is to beat
the NASDAQ by 20% each year. We have obviously exceeded that goal. We
do not want to raise your expectations too high as some individuals see
the 300% and 500% gains and assume that this performance will continue
each year. We started this year down about 14.8% after the first 3
months. We are now up about 102% for the year. The DC Express started
January 1, 1995 with only $18,969.74. Although we approached $1.4
million in the portfolio during October 1997, we closed the month of
November 1997 at $1,063,698.56 ( Before Tax ) ; $ 950,919.29 ( After
Tax ). The results shown here are actual results achieved after margin
interest and commissions are deducted.
Based upon a unique rational analysis approach that combines several
fundamental and technical parameters, our objective is to help you
maximize return, minimize risk and preserve capital.
Stock Picking Methodology: Unlike many other newsletters, the DC
Express will recommend only a handful of stocks each year that have been
thoroughly evaluated. Each week, our subscribers will receive a
detailed report or an updated report on one or more stocks that meet our
proprietary criteria in the following areas:
Technical Analysis Criteria - We look for a positive technical
formation. We like to see stocks that have a strong base and are ripe
for a good rise. We also run stocks through various daily and weekly
indicators:
Accumulation / Distribution Rating
Chaikin Oscillator
Commodity Channel Index
Directional Movement
Moving Average Convergence / Divergence Indicator
On Balance Volume
Stochastic Oscillator
Williams' Accum/Distribution Indicator
Price and Volume Trend
Momentum Indicator
Daily - Weekly - Monthly Chart Pattern Analysis
Support and Resistance Levels
Fundamental Analysis Criteria - We review stocks that meet our technical
screen criteria to ensure that they are not overvalued when compared to
various industry price ratios:
Price Ratio Analysis
Financial Ratio Analysis
Profitability Analysis
Insider Transaction Analysis
Revenue Growth and Earnings Momentum
We also analyze Vicker's insider reports and Mooreland's Insider Trader
for company management trading , and the volume and type of
institutional buying. We review earnings and revenue momentum expected
from various analysts, and call the companies regularly to keep up with
management activities that might affect earnings and the stock price.
****************************************
What You Get As A Subscriber -
The $300 subscription to the DC Express provides you with:
- A standard weekly alert/report delivered to you via e-mail the day
prior to the week's first trading day.
- One or more biweekly alerts that will either highlight stocks which
are breaking out of a consolidation formation on heavy volume or provide
late breaking news on stocks that have been previously recommended.
- Each month, we will provide you with a review of previous
recommendations.
Our objective is not only to recommend stocks that are undervalued based
upon our indicators, but to also let you know when they are fully valued
and need to be sold.
- With a subscription to the DC Express, you will have the advantage of
our access to some of the top newsletters in the country, and our
detailed follow-through analysis of several handpicked companies to
invest in. Our intent is to make you money by providing you with useful
information that will achieve our targeted goal of beating the NASDAQ
Composite Index by at least 20% per year.
- Based on the fundamental and technical information provided in the DC
Express Newsletter, you will be able to make your stock trades with
confidence. Use our proven research as a source to make your
investments grow!
**************************************
Here is an example of a monthly update report to our subscribers.
**************************************
Monthly Review of the DC Express Portfolio
Month of NOVEMBER 97
RESULTS TO DATE:
1 January 1995 - $ 18,969.74
1 January 1996 - $ 116,506.85
1 January 1997 - $ 469,622.29
1 December 1997 - $1,063,698.56 ( Before Tax )
$ 950,919.29 ( After Tax )
* Tax Payments of $112,779.27
UP 102.5 % This Year
* Includes gains after commission and margin interest.
The DC Express does use margin.
COST: $300 per year
SEND CHECK TO:
David Cook
444 Rice Drive
Huntsville, AL 35808
or
Jeff Tensfeldt
129 Stoneway Trail
Madison, AL 35758
The DC Express was Down 24.6% for the month of NOVEMBER. Last year,
the DC Express closed the year UP 303.1%. The portfolio started the
month at $1,374,124.61 and ended the month down $310,438.88 to $950,919.29.
The DC Express has recommended the following stocks prior to and/or during
the month of NOVEMBER:
1) BIPL - Biopool 6) INDI - Individual Investor
2) CWEI - Clayton Williams 7) MTEL - Mobile Tel
3) DIAN - Dianon Systems, Inc 8) PUMA - Puma Tech
4) GEOI - GeoResources 9) SMIN - Southern Mineral
5) HNV - Hanover Direct 10) TSSW - Touchstone Software
Positions Sold:
1) SWSH- 4) MIND
Rec Buy at $ 7.625 Ask Rec Buy at $ 9.875 Ask
Rec Sell at $12.125 Bid Rec Sell at $ 7.000 Bid
Profit of 59.02% Loss of 29.11%
2) MSON 5) GCO
Rec Buy at $ 8.06 Ask Rec Buy at $11.250 Ask
Rec Sell at $10.25 Bid Rec Sell at $13.875 Bid
Profit of 27.17% Profit of 23.33%
3) TMSR 6) PACC
Rec Buy at $ 7.40 Ask Rec Buy at $ 9.625 Ask
Rec Sell at $ 7.625 Bid Rec Sell at $ 15.875 Bid
Profit of 3.04% Profit of 64.94%
Summary of Positions - END OF NOVEMBER
1) BIPL - The DC Express recommended buying this stock when the stock
traded at $2.625 ASK.
*** 3 Main Reasons For Buying BIOPOOL ***
a) Significant Multiyear Breakout - The stock broke through a 6 year
resistance point on heavy volume.
b) Strong Fundamentals - BIPL sells at a discount to the Industry
Average using standard price ratios and has achieved superior returns
compared to the Industry:
* UPDATE BELOW *
Price Ratios
(1) Price to Sales: C: 1.56 vs I: 10.38 Lower is Better
(2) Price to Book: C: 2.40 vs I: 5.82 Lower is Better
(3) Price to Cash Flow C: 12.62 vs I: 46.32 Lower is Better
Less Debt
(1) Debt to Equity: C: .33 vs I: .43 Lower is Better
(2) LTD to Equity: C: .23 vs I: .35 Lower is Better
Higher Returns
(1) Return On Equity: C: 16.97 vs I: (5.99) Higher is Better
(2) Return On Assets: C: 11.36 vs I: (7.11) Higher is Better
(3) Profit Margin: C: 9.68 vs I: (4.52) Higher is Better
c) Great Prospects for Growth - BIPL not only has achieved FDA approval
for 8 new products this year but also has completed a merger with the
Blood Group Serology which should more than double revenues.
Revenues:
---------
97 96 95 94
MAR: 4,103,000 versus 1,778,000 versus 1,542,000 versus 1,278,000
JUN: 4,243,000 versus 2,089,000 versus 1,776,000 versus 1,417,000
SEP: 4,315,000 versus 2,006,000 versus 1,660,000 versus 1,363,000
DEC: TBD versus 2,147,000 versus 1,684,000 versus 1,469,000
** Looking for RECORD Revenue And Earnings in the 4th qtr
Current Rating - BUY
2) CWEI - The DC Express recommended buying Clayton Williams at $14.125
ASK.
*** 3 Main Reasons For Buying Clayton Williams ***
a) Company sells at a Discount to the Industry even though it has
significantly higher returns than the Industry:
* UPDATE BELOW *
Price Ratios
(1) Price to Earnings: C:12.01 I: 20.75 Lower is Better
(2) Price to Sales: C: 2.00 I: 2.67 Lower is Better
(3) Price to Book: C: 2.13 I: 3.53 Lower is Better
(4) Price to Cash Flow: C: 3.70 I: 21.24 Lower is Better
Financial Ratios
(1) Debt to Equity: C: .39 I: 1.14 Lower is Better
(2) LTD to Equity: C: .39 I: 1.09 Lower is Better
(3) Quick Ratio: C: .63 I: .96 Higher is Better
(4) Current Ratio: C: .71 I: 1.30 Higher is Better
(5) Interest Coverage: C:7.00 I: 5.68 Higher is Better
Returns
(1) Return on Equity: C: 18.77 I: 14.40 Higher is Better
(2) Return on Assets: C: 11.09 I: 5.27 Higher is Better
(3) Profit Margin: C: 15.98 I: 9.32 Higher is Better
b) Insiders and the Company Continue to BUY Shares
(1) 9 Buys and 2 sells this year . . Net Buying of 19,744 shares
(2) Company has bought back at least 1.115 million shares and has
stated that it will buy back the remaining 885,000 shares.
c) Exploration Opportunities
Company continues to pursue an aggressive exploration plan.
Current Rating - BUY
3) DIAN - The DC Express recommended buying DIAN at $9.00 ASK.
*** 3 Main Reasons For Buying Dianon Systems, Inc ***
a) Company has strong Price and Financial Ratios compared with the
Industry Average:
Price Ratios
(1) Price to Sales: C : 1.06 I: 1.81 Lower is Better
(2) Price to Book: C: 2.30 I: 3.32 Lower is Better
(3) Price to Cash Flow: C: 11.08 I: 31.96 Lower is Better
Financial Ratios
(1) Debt to Equity: C: .01 I: 1.04 Lower is Better
(2) LTD to Equity: C: .00 I: 1.00 Lower is Better
(3) Quick Ratio: C: 3.03 I: 1.84 Higher is Better
(4) Current Ratio: C: 3.34 I: 2.32 Higher is Better
(5) Interest Coverage: C:125.71 I: 6.60 Higher is Better
b) Company Buying Shares / 13D Filing:
(1) On Sept 30th, the Company purchased 421,000 shares of its common
stock for an aggregate consideration of approximately $2.3 million
($5.46).
The Company's Board of Directors has authorized open market purchases
for the Employee Stock Purchase Plan totaling 300,000 and further
additional open market purchases of up to 379,000 shares.
(2) A 13D filing was reported by President, CEO and Director of
Field Point Capital Management Company which is principally engaged in
the business of consulting and merchant banking. He bought 1,800,000
shares.
c) Favorable Technical Formation - Broke out of a 4 year base and then
pulled back to its breakout point.
** Current Rating - HOLD
4) GEOI - The DC Express's recommended buying this small but
profitablecompany at $2.375 ASK.
*** 3 Main Reasons for Buying GEORESOURCES ***
a) Significant Multiyear Breakout - The stock broke through an 8 year
resistance point ($2.00 ) on RECORD VOLUME.
b) Strong Fundamentals
Financial Ratios
(1) Debt to Equity: C: .27 vs I: 1.14 Lower is Better
(2) LTD to Equity: C: .22 vs I: 1.09 Lower is Better
(3) Quick Ratio: C: .80 vs I: .96 Higher is Better
(4) Current Ratio: C: 1.05 vs I: 1.30 Higher is Better
Returns
(1) Return On Equity: C: 13.30 vs I: 14.40 Higher is Better
(2) Return On Assets: C: 8.91 vs I: 5.27 Higher is Better
(3) Profit Margin: C: 16.34 vs I: 9.32 Higher is Better
c) Increased Oil Production - GEOI has consistently increased oil
production each year and continue to increase avg daily oil production:
Last Qtr Avg Monthly Posting for Williston Basin Crude Oil
----------------------------------------------------------
Sweet Oil Sour Oil
07/97: $16.32 $13.17
08/97: $16.56 $13.41
09/97: $16.43 $13.28
Monthly Production
----------------------------
Oscar Fossum H1: Oscar Fossum H3:
07/97: 1080 bbls 07/97: 5868 bbls
08/97: 1080 bbls 08/97: 5229 bbls
09/97: 1080 bbls 09/97: 4619 bbls
10/97: 860 bbls 10/97: 4362 bbls
Oscar Fossum H2: Ballantyne - State/Steinhaus H1
07/97: 3410 bbls 07/97: 364 bbls
08/97: 3300 bbls 08/97: 3843 bbls
09/97: 3090 bbls 09/97: 6811 bbls
10/97: 3090 bbls 10/97: 5844 bbls
** Company commented that they have recently contracted another rig. " A
spokesperson for GEOI said the Company still hopes to start one more
horizontal well ( .67 net ) before the end of 1997. Caza Drilling Inc.'s
Rig 43 has been contracted to drill the Oscar Fossum H4 as soon as that
rig can finish drilling wells that are scheduled ahead of the Oscar
Fossum H4. Two companies are ahead of GEOI.
** Next qtr earnings comparison against .02.
** Current Rating -STRONG BUY
5) HNV - The DC Express recommended buying this turnaround company at
$1.50 Ask.
*** 3 Main Reasons For Buying Hanover Direct ***
a) Strong Insider Ownership with Recent Insider Buying:
(1) Westmark Holdings - Owns 78,005,000 shares - 53.9%
(2) Kruttschnit - D - Owns 7,300,000 shares - 5.0%
(3) Kaul, Rakesh - OD - Owns 1,510,000 shares - 1.0%
(4) Hakman, David - D - Owns 732,000 shares - .5%
(5) Svoboda,Larry - VP -Owns 152,000 shares - .1%
(6) Wright, Robert- D - Owns 49,000 shares
(7) Hudson, Chuck - VP -Owns 38,000 shares
(8) Kling, Stephen- D - Owns 38,000 shares
(9) Clement, Coy - O - Owns 33,000 shares
(10)Abramson, Robert-VP-Owns 30,000 shares
** Another 13D filed ( Increase in ownership past 5% )
1) Basil P. Regan now owns 7.93% ( UP From Last Month's 6.60% ).
Note Recent Buying Below:
Price Per Share Number of Shares Purchased
11/5/97 $1.625/$1.656 150,000
11/6/97 $1.740/$1.875 80,000
11/7/97 $1.840/$1.766 72,300
11/7/97 $1.875 25,000
11/10/97 $2.000/$1.962 85,900
11/10/97 $2.0625 25,000
11/11/97 $2.000/$2.0375 76,500
11/11/97 $2.011 25,000
11/12/97 $2.187/$2.109 88,700
11/12/97 $2.00/$2.125 48,500
11/13/97 $2.18/$2.218 50,000
11/13/97 $2.090 50,000
11/13/97 $2.167 75,000
11/14/97 $2.25/$2.265 325,000
11/14/97 $2.375 25,000
11/17/97 $2.42/$2.500 125,000
11/17/97 $2.37/$2.497 63,600
11/17/97 $2.3535 38,100
11/18/97 $2.37/$2.427 111,400
11/18/97 $2.50/$2.469 75,000
11/19/97 $2.31/$2.302 75,000
11/19/97 $2.25/$2.125 53,100
11/20/97 $2.37/$2.328 45,000
11/20/97 $2.31/$2.186 56,800
11/21/97 $2.42/$2.410 45,900
11/21/97 $2.4375 25,000
11/24/97 $2.38/$2.250 150,000
11/24/97 $2.375 75,000
11/25/97 $2.312/$2.389 74,900
11/25/97 $2.344 50,000
11/26/97 $2.315 20,800
11/28/97 $2.478/$2.375 88,200
11/28/97 $2.469 150,000
b) Positive Technical Indicators - Most of my technical indicators are
Bullish.
c) New Mgt Focus has shown initial signs of turning the company around.
The Company has now reported 3 back to back qtrs of lower losses. I am
looking for a return to profitability in the 4th qtr.
Current Rating: BUY
6) INDI - We recommended buying one of the fastest growing personal
finance and investment magazines in the country when the stock traded at
$8.75 ASK.
*** 3 Main Reasons For Buying Individual Investor ***
a) Insiders and the Company are Buying Shares
(1) Robert Schmidt Bought 9,000 shares ( $7.25 - $8.38 )
(2) Bruce Sokoloff Bought 10,000 shares ( $6.95 - $7.45 )
(3) Henry Clark Bought 3,000 shares ( $7.25 )
(4) Company Repurchased 250,000 shares at a price of $9.81 per share
b) Company's Core Business is Growing at a Rapid Pace:
(1) Started its online web site in early May.
iionline.com
(2) INDI announces Initial Sponsorship agreements for its individual
investor online web site: " INDI announced initial sponsorship
agreements approaching $1,000,000 with Datek Online, Wit Capital and
Telechart 2000 for its online agreements. . . "
c) Great Future Earnings Potential for the Company's Wisdom Tree
Division. INDI receives a quarterly management fee and an annual profit
participation of 20% of each of these funds' total investment gains.
" The company is entitled to receive a special allocation equal to 20%
of each fund's net income. If the amount of the special allocation for
both the domestic and offshore fund were calculated as of November 10,
1997, the Company would have earned approximately $1.7 million and $.5
million, respectively, in additional revenues.
Current Rating - HOLD
7) MTEL - The DC Express recommended buying MTEL at $12.25 ASK
*** 3 Main Reasons For Buying Mobile Telecom ***
a) Insider Are Buying Shares
(1) Strategic Investor Reports and Vickers Insider Trader note that
Insiders purchased 234,000 shares during the last year.
(2) Insiders now own about 17%
b) Technical Indicators are Bullish
(1) Most of my technical indicators are UP
(2) Stock has established momentum to the upside having moved up
about 100% from its low. The previous high was in the mid 30s so it
still is trading below prior year's highs.
c) New Product May Drive Sales UP
(1) Analyst have been upgrading their estimates ( from a large loss
to a smaller loss )
(2) Sales of its one-way wireless messaging services have been
improving.
** NEWS UPDATE **
"SkyTel Selected as Exclusive Telecommunications Partner for New
Beepwear Pager Watch " -- MTX Paging Products LLC, a Motorola and Timex
joint venture, has named SkyTel, a subsidiary of MTEL as the exclusive
service provider for its new Beepwear products at January's CES show in
Las Vegas, can be configured to receive messages on a local or
nationwide basis via SkyTel's nationwide network."
"Beepwear, the nation's first combination pager and watch supporting
nationwide word messaging, stores up to sixteen personal messages and
can support up to three information services providing news, sports and
entertainment headlines."
Current Rating: BUY
8) PUMA - Recommended buying PUMA at $8.06 Ask
*** 3 Main Reasons For Buying PUMA Technology ***
a) New Technology Offers Promise of Rapid Growth. On 20 November, PUMA
announced an alliance with Premiere Tech, the leading provider of global
personal communications services. Through PUMA's relationship with most
major notebook and handheld computer manufacturers, PUMA's IntelliSync
for Orchestrate will be loaded on millions of notebooks and handheld
devices.
b) Turnaround Pick. Improving Fundamentals versus year ago results.
Sells at a Discount to the Industry Avg Price to Sales and Price to
Book.
(1) Price to Sales
PUMA: 5.17 versus the Industry 10.78
Target at Industry Valuation= ( 10.78 / 5.17 ) * $7.50 = $15.64
(2) Price to Book
PUMA: 3.42 versus the Industry 13.87
Target at Industry Valuation= ( 13.87 / 3.42 ) * $7.50 = $30.42
c) Insider Ownership. Insiders own about 25% and 3 others own 28%.
Current Rating - BUY
8) SMIN - The DC Express recommended buying SMIN at $6.25 ASK.
*** 3 Main Reasons For Buying Southern Mineral ***
a) Past Performance - Record revenues and cash flow from operations
reported in the 3rd qtr. SMIN reported net profit of $627,000 ( .09 )
per share on record quarterly revenues of $3,087,000. Cash flow from
operations increased to a record $1,647,000 ( .22 per share ) compared
to $270,000(.04) last year.
b) Growth through Acquisition, Exploitation and Controlled Risk
Exploration Strategy is working:
* News Update * SMIN announced that they have signed a definitive
agreement for the merger of AMC into SMIN. The combined entities will
have reserves of approximately 80 Bcfe, with operations in Texas and
Oklahoma and properties primarily in Texas, Louisiana, Oklahoma, Canada
and Ecuador. Under the terms of the agreement, SMIN will exchange its
common shares for all AMC common shares based upon the average closing
price of SMIN for a 20 day period preceding the closing of the merger.
The merger is expected to be completed in 1998.
c) Insider Ownership. Insiders own about 33.1% with 18,000 shares bought
in the last 26 weeks.
** Current Rating - HOLD
9) TSSW - TSSW was initially recommended at $3.06 Ask, Upgraded the
stock to Buy at $1.50 and upgraded the stock to Strong Buy at $1.94.
*** 3 Main Reasons For Buying TOUCHSTONE SOFTWARE CORP
a) Turnaround Pick. Company has new products which could result in
significant growth.
1) PC-Cillin 3: Anti-Virus Software Product being shipped to over
8,500 retail stores. Sales Picking Up / Initial Reviews are Very
Encouraging: " PC-Cillin Anti-Virus v3.0 Grabs Top Honors From Family
PC and Windows Sources; New Version's Combination of Power, Ease of Use
and Affordability Recognized by Key Industry Publications. "
** PC-Cillin 3 nominated for Most Valuable Product Category Award.
2) E.Support: Has completed beta testing. We are waiting on that
first announcement that the company has received its first order from
one or more OEMs.
3) New Product Launch: TSSW announces New CheckIt -- The Next
Generation of PC Troubleshooting Software; New CheckIt version 5 and
CheckIt Professional Edition.
b) Company has lots of Cash on hand
Current Assets Only:
Cash and Equivalents: $1,226,078
Restricted Cash: $ 500,000
Investments: $7,861,824
Total: $9,587,902
Number of Shares: 7,811,000
$9,587,902 / 7,811,000 = $1.23 in Current Cash and Investments Only
Does Not Include:
Current Assets ( Not Used Above )
1) Income Tax Refund Receivable: $ 32,790
2) Accounts Receivable Net: $387,130
3) Inventories: $187,101
4) Prepaid Expenses: $247,276
Other Assets ( Not Used Above )
1) Investments: $3,182,720
2) Property, Net: $ 537,958
3) Other Assets: $ 30,174
Total Current Liabilities is $3,412,327
c) Improving Fundamentals
Price Ratios:
Price To Sales: C: 2.38 I: 10.03 Lower is Better
Price To Book: C: 2.03 I: 13.03 Lower is Better
Financial Ratios:
Debt to Equity: C: 0.00 I: 0.14 Lower is Better
LTD to Equity: C: 0.00 I: 0.11 Lower is Better
Quick Ratio: C: 2.78 I: 2.56 Higher is Better
Current Ratio: C: 3.06 I: 2.75 Higher is Better
Sells at a Steep Discount to the Industry Avg using price to sales
and price to book:
(1) Price to Sales
TSSW: 2.11 versus the Industry 10.78
Target At Industry Valuation= ( 10.78 / 2.11 ) * $2.44 = $12.47
(2) Price to Book
TSSW: 1.80 versus the Industry 13.87
Target At Industry Valuation= ( 13.87 / 1.80 ) * $2.44 = $18.80
* Need to see a profit in the 4th qtr and beyond to start to trade near
the industry average Price to Book and Price to Sales ratios.
Current Rating - STRONG BUY
Disclaimer - The information and statistics in the newsletter or
updates/alerts are obtained from sources I deem reliable but are not
warranted to be accurate or complete. I am not a broker, nor do I work
for/with a broker. My stock and market discussions and thoughts are my
own and are not guaranteed to perform. My past performance may not be
indicative of future performance. Many of the stocks I discuss are risky
and may not be suited for everyone's investment objectives. I may have
positions, long or short in the stocks discussed and may profit from
them. As with any investment, research the stocks I discuss and the
market conditions carefully and consider the risks involved. The DC
Express, myself or my associates are not liable for losses or damages,
monetary or otherwise that result from the content of the alerts.
* Another Monthly Review Of DC Express Positions *
DC
*************************************
We are currently evaluating several other companies for our
recommendation list as new 1998 picks. I had intended to provide the most
recent update on MTEL and HNV, but decided not to due to the size of this
message already. I can forward it to those who want it. Please let me
know that you've received this message, and if the information I've
provided is sufficient for you to decide if you want to join our
subscription list.
If you have questions, please let us know. Happy New Year!
Jeff Tensfeldt
JTens@ibm.net |
