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Technology Stocks : Microwave Filter Co. (MFCO)

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To: francis terry who wrote (7)2/6/1999 9:19:00 PM
From: Roger A. Babb  Read Replies (2) of 35
 
Francis, I have again built a position in MFCO. My investigation indicates that it does operate very much like a private company with no promotion of its stock price. I placed a call to the CFO to ask some questions. Identified myself as an investor looking for info, the call was not returned. They are buying back their own stock, perhaps defending the $1 level, but hard to tell.

I think this is a good stock to "buy and hold" on the chance that something good will come along. They do supply devices to the cable industry and to new cellular TV industry, so anything is possible.

I plan to attend the annual meeting and ask a few questions. Based on the financials and the growth prospects, MFCO should be over $5 in my opinion. It is just not on anyone's radar screen at the moment.
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