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Microcap & Penny Stocks : Docucon ( DOCU )
DOCU 70.81-3.1%Nov 4 3:59 PM EST
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To: GARY P GROBBEL who wrote (64)12/17/1996 9:37:00 PM
From: Ron Hill   of 510
 
Gary: According to the data provided by Stocksmart, Docucon trades at a 71% Discount PE Multiple of 7.2 X, vs. the 25.0 X average multiple at which the Data Processing SubIndustry is priced. Is this an accurate approach to viewing the company? Are you aware of circumstances that are driving the price down or do you beleive its all tax selling? Do you have an opinion an appropriate PE for DOCU? Do you have a target price? Are you still reccommending it? Thanks - Ron.
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