Thermo Electron (TMO) Message Board

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Technology Stocks : Thermo Electron (TMO)

TMO 572.41

+1.1%

Nov 7 9:30 AM EST

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To: Miles Rhyne Hoffman, CFA who wrote ()	12/19/1996 7:54:00 PM
From: Oblomov	of 450

Yes - I had heard a little about it before this December, but after reading more about it in II, as well as their '95 annual report, I decided to take a small long position. It's trading near its 52-week low. At a P/E of 22, but with their continuing growth at 25 - 30%, I think the stock is undervalued. Other valuation measures, such as Price/Book, Price/Sales, etc. point to the same conclusion. The stock has dropped about 15% in the past 10 trading days. I couldn't find any news that would explain the drop. General market anxiety? In any case, I see the stock reaching the mid to high 40s in 1997. Your thoughts? Andrew Aiken

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