NovAtel - Global Positioning Systems Message Board

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Technology Stocks : NovAtel - Global Positioning Systems

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To: David Rubin who wrote (183)	8/11/1998 2:45:00 PM
From: Philip Benson	Read Replies (1) of 191

While I think any and all are entitled to their opinions, I don't think the previous post reflects a rational assessment of the current facts. Novatel has no debt, cash on hand, is recovering from a couple of poor quarters, and has announced some key new contracts. I still have to believe that CMW knows and understands this situation a lot better than any of us and saw fit to value the company at a significantly higher valuation. My take of the numbers and based on discussions with management leads me to believe that EPS of $0.30-$0.40 is doable next year and thus we have a stock trading at less than 1x revenue and 7x EPS. I know it doesn't look pretty, but I figure you have to hang on!! FWIW Philip

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