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Microcap & Penny Stocks : P/E of under 6, and only $3.50 -- Unheard of Company

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To: Labrador who wrote ()3/1/1998 10:18:00 PM
From: Louis Cornell  Read Replies (1) of 16
 
Based on the 10-QSB filing, it looks the company has some liquidity problems associated with its recent expansion into higher revenue areas that have less attractive margins. Earnings fell as a result, but are still positive. It trades near book, so this could be a floor.

Perhaps it is a good speculation on continued lower interest rates, but is not for the faint of heart. Looks like capital spending associated with the recent revenue growth will grow again this year.
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