Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: Rob Palmer who wrote (2249)	2/9/1999 12:43:00 AM
From: John Arnopp	Read Replies (1) of 4467

Rob, We may be only in the early innings, but I have to stress that if we are going to look at valuation, then we have to come to terms with how far these small caps have really fallen from their highs. *Even if we doubled* the price of CMPC, CATP, DOCC, and OAOT today, SFE would still be trading at over a 10% premium to NAV!** Compare that to August when there was no premium, or a year ago when there was a discount to NAV. That's a lot of catch up. Good luck, --John

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