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Technology Stocks : ULBI..Ultralife Batteries
ULBI 5.640+7.6%Nov 24 3:59 PM EST
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To: Justin Pressley who wrote (210)5/1/1998 1:56:00 PM
From: Timothy R. West  Read Replies (1) of 522
 
Road Show went great.

The stock is ULTRA-THIN.. just like the batteries... and
when you add a secondary onto an already thin stock... well
it goes down. Also, these guys have approx 10 mill shares
outstanding and hopes to do over 1 million in sales in a couple
of years... so in a couple of years we'll have $10/sh in sales
under the stock and perhaps it could be worth $20 to $30 as
investors start to see whether these guys can actually produce
AT A PROFIT what they showed us at the road show.

Let me say clearly... I WAS VERY IMPRESSED WITH THE PEOPLE AND
THE PRODUCTS AND I DEFINATELY SEE THE MARKET FOR THEIR BATTERIES,
but we don't know whether they can MASS PRODUCE or not.

It is a good sign that ULBI is above the offering price of 12.50, so for now, buy all you can afford to buy and use a 12 stop loss.

Peace to all,

Tim West
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