Elamex(ELAMF) Message Board

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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: David Seltzer who wrote (168)	1/30/1998 12:30:00 PM
From: rich evans	of 276

Thanks for info. I listened in. They forecast revenue growth of 18-20% for 98. Tax rates unknown but somewhere between 28% and statutory rate of 34%. One problem seems to be margins. Their labor agreement increased wages 18% so inflation still problem and not being offset by PESO devaluation which is only 4% so far in 98. So they don't see rebound yet and we could get margins in 98 equal to 97 which means about 7% operating. Also their new testing business will be expensed as Rand D(1.3mill) So 98 earningss depending on what they show as other income could be up in my opinion only about 5%. But stock seems still cheap especially with about $21/ share in revenue projected for 98. Rich

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