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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP
SPLS 10.250.0%Sep 28 5:00 PM EST
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To: Walter High who wrote (171)1/25/1998 11:16:00 AM
From: AL TOTH   of 297
 
Walter- IMO SPLS is an excellent company. At $24 it has almost no
downside risk. However it is fairly priced in the 24 to 28 dollar
range and will probably move in that range for the next couple of years. SPLS as are other well run office product stocks,no longer
30+% growth stocks due to the maturation of the office product
expansion phase.

However IMO Wall Street will eventually come to realize that compared
to other industries and their present growth problems, office product
companies like SPLS, CEXP, and OFIS are great bargains.

To specifically answer your questions I think SPLS is a great buy
in the 24s and has an excellent opportunity to go to $28 in the next 3-6 months. I just dont see the stock going to $30 for awhile.

AL
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