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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem

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To: Clay Takaya who wrote (667)10/14/1998 10:28:00 AM
From: Christopher Brainard  Read Replies (3) of 1540
 
Hi Clay, Looks like a blow out day today. Trading volume is over 1 million shares and it is only 10:15 AM. Time to buy with a 12-24 month time frame in mind. At 5.7x estimates 1999 earnings, I do not see much downside risk. Unless the entire economy tanks next year, SBS should be able to meet their new estimates. I listened to the conference call and did not feel they were playing games with their estimates.

As you reveiw the Yahoo messages you will note that I have been branded as being too wrapped up in this company to see things clearly. Perhaps this post is correct, or perhaps you and I both can see the real value in this company and can take advantage of the gross over reaction to a short term change in their future prospects. Although at 1 million shares traded, we do have company in our belief in SBS.

The way I figure it, time to add to our positions. We might go lower form here in the very short term, but two years from now we will be happy that we bought at these levels.

Take care my friend.

Chris ...
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