LEIX Lowrance Electronics a GPS Sleeper? Message Board

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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper?

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To: The Perfect Hedge who wrote (49)	3/16/1998 6:18:00 PM
From: Leo Francis	Read Replies (1) of 186

I added to my long position today at 5 3/4, (increased it 33%) even though we "kissed our cousin". LEIX posted operating income, though a disappointing net loss for the Q. However, LEIX stated rather confidently, that they will be profitable this fiscal year. I believe them. This means that the next two Q's are going to be very strong. I am now confident that LEIX will be trading in the $20-$30 range within 12 months. My $10-$12 target now looks like May-June, as I believe we do need positive net earnings to occur before we see the pop. I am disappointed that LEIX did not achieve a positive EPS this Q. I am however encouraged that LEIX achieved positive operating income. Expense level control is obviously in place and effective. As the shift to the growing GPS market occurs, we will see a stronger Q1 then in the past. (i.e., hunter and camper demographics versus fisherman demographics.) Thus, we are looking at the strong likelihood of 3 very strong Q's ahead. (Q3, Q4, and Q1) And once the momentum builds, the stock will soar. Good Trading, LF

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