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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (6998)	7/20/1998 7:37:00 PM
From: Amigo Mike	Read Replies (1) of 29382

Hi Amigo, You jumped in EGNS already ???? WOW that was fast !!! EGNS seemed to have a rough day. I have been completing my DD on it. I like that it is a fully reporting company. Seems the stock is far, far undervalued based on the recent news that they are the majority owner of the new Chinese JV that is expected to produce $100 million in revenue over the next five years. That's $50 million in revenue to EGNS. It is important to note that some of EGNS product sets have 80% profit margins. I like that the Chinese gov't is involved in this. There is still a possibility that EGNS may purchase a leading Chinese ISP also ..... for restricted stock. THis may or may not come to pass. On another front, EGNS should be meeting with South African officials this week. So I'd expect more news soon that EGNS will be doing business there too. ADD ...... a company release stating revenues are already KICKIN as a result of an alliance with Data General ..... and I believe that an investor has the opportunity for a minimum 3-4 bagger in this one. Haven't bought yet ..... but I am leaning towards purchase tomorrow. Unfortunately, one of our other favorites is holding me back right now from a larger purchase =). Amigo Mike

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