VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (8588)	2/22/1999 5:52:00 PM
From: Pallisard	Read Replies (1) of 27311

Since you addressed ME with this off topic post, I'll reciprocate with an on topic response. "The note also confirms that MIKL is trading at an unjustified 50%+ discount to its industry peers. Even at 30% discount the stock would be at $33, based on $2.00 on the bottom line." Perhaps VLNC, who has no peers in the industry, is also trading at an unjustified 50%+ discount which would peg it at $16+/share. Based on a very conservative bottom line estimate for '99 of $.50/share, even a mild P/E of 25 would fetch $12.50. Why don't you take your MIKL info and comments to the proper board where people who invest in that stock can appreciate it. On this board you're merely taking up space.

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