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Non-Tech : Mossimo
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To: geoff arms who wrote (12)1/15/1997 3:30:00 PM
From: Derek Coons   of 81
 
I guess I was wrong about MGX not falling below $10, because today it was trading at $9 1/2. Although there earnings report was disappointing, their sales continue to increase. If they make only 72 cents this year, that would give their stock a P/E ratio of 13 at the price of 9 1/2. That's not bad at all. I think its a steal below $10. If they can become more cost efficient, they could probably earn $1 for 97. Only time will tell, though.
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