Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: purecntry5 who wrote (4982)	6/10/1998 2:54:00 PM
From: RCJIII	Read Replies (1) of 25711

CNGR- Read 8-K filed on April 20th it explains it all. They have yet to inform the public about these shares other than through that filing. After the close today they will issue a PR explaining their investment and hpw well it has done. Shareholder equity has risen over 20% yet the stock is only up 5%. Not counting the Inktomi investment, CNGR is expected to earn .35 per share this year, that is a PE of 13.5. Operating revenues increased over 1800% in the previous quarter. Consider a 13.5 PE on a company growing at 1800% with no debt and over $7 million in the bank. Now add on the over $7 million paper profit today and you get a company that is way undervalued. RCJIII

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