DII Group, Inc. Message Board

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Technology Stocks : DII Group, Inc.

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To: MARK BARGER who wrote (1622)	4/20/1998 3:52:00 PM
From: Jimbo Cobb	Read Replies (2) of 1845

Mark: I would expect DIIG to start seeing some resistance about right here ($23 range). NTBK looks like it could break out above $30 on the earnings report this week if the news is good and Internet stocks keep flying...I still hold a small position from my buy at $12. One I started buying today (already had a small position but just took a decent-sized stake today) is CNXS. They make the Breath-Right strip. Sales have been stagnant lately, but company has about $3.50 cash and about $4.30 book value, no debt and a high-margin disposable product that has a loyal following. At $4.75, I think the reward/risk ratio is extremely high. Their annual meeting is this week, where they are almost certain to announce a major stock buyback with their huge cash stockpile (already bought back some stock last year). Shareholders will be screaming for a plan to enhance shareholder value, and if nothing else works, I think there would be plenty of consumer product companies (maybe 3M or Johnson & Johnson) interested in buying them out. I am not going into CNXS as a short-term trade, as it could stay depressed for awhile, but it is most definitely a VALUE play in an overvalued market. Mark.

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