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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)

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To: Jonathan Estabrook who wrote ()11/22/1996 6:12:00 PM
From: Mohamed Elshentenawy   of 1672
 
Dear Mr. Estabrook

You can find research reports about UMSI at WWW.kostech.com and www.ssnn.com. The comapny has a web page at www.lihomes.com/umsi.
UMSI is a very strong company and has a strong Buy rating according to all the reseach reports that I read. Currently the company is trading at great discount with respect to P/E(just 5x 1997E of $0.30).
American Fund Advisors which issued a report on UMSI dated 10/28/1996 with a strong buy rating forcasts that UMSI should move to $5 1/4-6 over the near term(which is just 15-17 times fully taxed 1997 estimated EPS).
If you need any further information please don't hesitate to contact me.

Thanks
Mohamed ElShentenawy
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