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Technology Stocks : TNCR, the MOST Undervalued Semi-Equipment Stock

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To: Chia-Bin Wang who wrote (354)11/23/1996 12:23:00 PM
From: Cary Salsberg   of 362
 
CB,

In addition to your technical analysis, I think you should consider the kind of statement that was made about EGLS in last week Barrons.
The analyst suggested that $4-5 per share earnings were a reasonable target in the next upturn for semi-equips. A 20 multiple gives $80-100 for a stock that was as low as $12 and sits at $19, now.
I and most industry watchers consider TNCR stronger than EGLS. If analysts cobble together $6-8 targets for EPS and $150-200 for price in the next 5 years, $25, $30, $35 support and resistance or moving average will be ignored as they fade into the distance.

Cary
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