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Technology Stocks : AULT: The unnoticed superstar

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To: Clarksterh who wrote (311)12/17/1998 10:58:00 PM
From: Dave Funis  Read Replies (1) of 369
 
Clark: As one who's been with Ault now since '95, I too am disappointed, and not for the first time. One problem is that each time we make the assumption that this is going to be the quarter that brings the company into the cruising lane, they issue a quarter like this.

I still think they screwed up with the $6.50 secondary two years ago. Think of today's report on just the original 2 million shares!!!! What did they gain from that secondary? A measly $12 million bucks....

Now let's look on the bright side: they've got .23 on for the year...probably on their way to at least .50-.52....a forward P/E of 10-12, pathetically low for a small tech-stock. Okay, so they're not blazing into the growth phase with some of the others.....but no matter what kind of growth pattern they settle into, this is a company with no debt, a very conservative CEO, and a real attractive niche market.

Which is probably why the selling was somewhat restricted today. At this point, anything lower than this has to be considered a must-buy.

Right?

DF
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