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Non-Tech : SALT (Salton/Maxim)
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To: Brian Sullivan who wrote (19)1/5/1999 10:56:00 AM
From: David Rubin   of 30
 
SALT is acting very well. It got a bit ahead of itself with that move last week and is consolidating in an orderly fashion. I'll be buying more if we dip below 22 again.

Salton has accomplished a great turnaround and growth is accelerating. The stock is very undervalued given its growth rate. As the stock moves higher more institutions should become aware and volume should increase. On a valuation basis this stock can easily double. (Unfortunately you can say that about a lot of small caps but it hasn't made a difference.)

I expect a great earnings report from them due to strong Xmas sales of George Forman grill. They're also making headway with new Farberware products, now that they own that brand.
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